Neoclassical Growth Theory and Heterodox Growth Theory: Opportunities for and Obstacles to Greater Engagement [PDF]
This article explores the possibilities for greater engagement between neoclassical and heterodox growth theorists. Simple structural models are used to identify the essential “mechanics” of the growth process in both the neoclassical and heterodox traditions, and these are shown to point to important areas of theoretical overlap and even observational
openaire +3 more sources
The paper in the first instatnce resumes the conclusions of the most important contemporary growth approaches – the Neoclassical Growth Theory and the New Growth Theory.
Luděk Kouba
doaj +1 more source
Competition versus Monopolistic Competition by Integrating Solow-Uzawa and Dixit-Stiglitz [PDF]
This paper builds a neoclassical growth model with monopolistic competition and perfect competition. The paper synthesizes the basic economic mechanisms in neoclassical growth theory and monopolistic competition within a compact framework.
Wei-Bin Zhang
doaj
How can Developing Countries in Asia Achieve Economic Growth? Taking Bangladesh as an example [PDF]
This study analyzes the key drivers of economic growth in Bangladesh from 1980 to 2018 based on theoretical frameworks and historical data. It takes Bangladesh’s development experience as the research object and aims to make three contributions. Firstly,
Wu Hao
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Testing the Neoclassical Theory of Economic Growth
Several recent empirical studies have examined determinants of economic growth using country average (cross-section) data. In contrast, this paper employs a technique for using a panel of both cross-section and time-series data for 98 industrial and developing countries over 1960-85 to determine the quantitative importance for economic growth of both ...
Malcolm Knight +2 more
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Cournot-Nash Family Decision and Economic Growth in an Extended Solowian Model
The purpose of this paper is to study economic growth with family-based microeconomic foundation. It develops a neoclassical growth model of endogenous wealth accumulation and consumption of two-person families.
Wei-Bin Zhang
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Stock Market Reactions to Climate Risk Events: A Systematic Literature Review and Research Agenda
ABSTRACT As global warming intensifies, climate risks' impact on firm value has become a critical concern for academia and investors. This systematic literature review analyzes 50 event studies in this research field, classifying them by climate risk type.
Mario Schuster, Rainer Lueg
wiley +1 more source
Does Climate Risk Affect Employment Decisions? International Evidence
ABSTRACT This study investigates the effect of climate risk on corporate employment decisions. Using a large sample from 41 countries, we find a positive association between climate risk and underinvestment in labor, notably manifesting as excessive employee layoffs.
Claude Francoeur +3 more
wiley +1 more source
Economics’ Hard Fate in the Global Economic Crisis [PDF]
The crisis of mainstream economic theory has persisted for over 50 years, but recent global economic shifts have added new qualitative features, highlighting not only the theory’s lack of practical and predictive value but also the inadequacy of its ...
Sergei A. TOLKACHEV
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The impact of globalization on the interpretation of regional growth and development [PDF]
In the last decade of the twentieth century, there was a change of interpretation of regional growth and development, not only in economically developed countries but also countries in development.
Jovović Dušanka M.
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