Endogenous Innovation in the Theory of Growth [PDF]
This paper makes the case that purposive, profit-seeking investments in knowledge play a critical role in the long-run growth process. First, we review the implications of neoclassical growth theory and the more recent theories of 'endogenous growth ...
Elhanan Helpman, Gene M. Grossman
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Search, Money and Capital: A Neoclassical Dichotomy, Second Version [PDF]
Recent work has reduced the gap between search-based monetary theory and mainstream macroeconomics by incorporating into the search model some centralized markets as well as some decentralized markets where money is essential.
Randall Wright, S. Boragan Aruoba
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Lecture Notes on The Optimal Growth Problem [PDF]
These notes provide an introduction to the study of optimal growth in the one-sector neoclassical growth model in continuous time. The model is developed using the analogy of Robinson Crusoe living on a deserted island.
Keister, Todd
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Argentina's lost decade and subsequent recovery: hits and misses of the neoclassical growth model [PDF]
We examine the economic depression that Argentina suffered in the 1980s, as well as the subsequent recovery, from the perspective of growth theory, taking total factor productivity as exogenous.
Carlos E.J.M. Zarazaga, Finn E. Kydland
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Co-movement, Capital and Contracts: 'Normal' Cycles Through Creative Destruction [PDF]
We develop a unified theory of endogenous business cycles in which expansions are neoclassical growth periods driven by productivity improvements and capital accumulation, while downturns are the result of Keynesian contractions in aggregate demand below
Francois, P., Lloyd-Ellis, H.
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THE BOUNDARIES OF THE FIRM. THE CASE OF OIL INDUSTRY IN ROMANIA [PDF]
The economic theory of the firm has met an exponential growth in the last decades different from the traditional neoclassical approach. In the first part of the paper we are skimming through the most spread approaches, namely the theory of incomplete ...
Dudian Monica +4 more
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Global analysis of the growth and cycles of multi-sector economies with constant returns: A turnpike approach [PDF]
In Section 1, we explain the neoclassical optimal growth model, which includes multi capital goods, and is derived from neoclassical production functions; the transformations to the reduced model are also explained.
Takahashi, Harutaka
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Solovian and New Growth Theory from the Perspective of Allyn Young on Macroeconomic Increasing Returns [PDF]
This paper evaluates, from an Allyn Youngian perspective, the neoclassical Solow model of growth and the associated empirical estimates of the sources of growth based on it.
Roger Sandilands
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The efficiency of gender equity in economic growth: Neoclassical and feminist approaches [PDF]
In this paper the author critically discusses neoclassical and feminist challenges to standard neoclassical approaches to institutions by focusing on analyses of the role of gender equity in economic growth. Feminists argue that the exercise of power and
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Historically, when an economy emerges from recession, employment grows with, or soon after, the resumption of GDP growth. However, following the two most recent recessions in the United States, employment growth has lagged the recovery in GDP by several ...
David Andolfatto, Glenn MacDonald
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