The one-sector Solow-Ramsey model is the most popular model of long-run economic growth. This paper argues that a two-sector approach, which distinguishes the durable goods sector from the rest of the economy, provides a ...
We analyze a multi-sector growth model with directed technical change where man-made capital and exhaustible resources are essential for production. The relative profitability of factor-specific innovations endogenously ...
We analyze a multi-sector growth model with directed technical change where man-made capital and exhaustible resources are essential for production. The relative profitability of factor-specific innovations endogenously ...
We analyze a two-sector growth model with directed technical change where man-made capital and exhaustible resources are essential for production. The relative profitability of factor-specific innovations endogenously ...
Kelly, Morgan(Springer Science + Business Media, 2001-03)
Growth is rare historically, with short expansions interspersed with long periods of stasis. We examine how well this can be explained by a general class of Schumpeterian growth models that treat development as a progress ...
Whelan, Karl(2004 Copyright Central Bank of Ireland, 2004-10)
The one-sector Solow-Ramsey growth model informs how most modern researchers characterize macroeconomic trends and cycles, and evidence supporting the model's
balanced growth predictions is often cited. This paper shows, ...
This paper analyses disaggregative growth models which treat development as progress through a space of commodities, from simple to more complex goods.
Whelan, Karl(Blackwell Publishing on behalf of the Ohio State University, 2003-08)
The one-sector Solow-Ramsey model is the most popular model of long-run economic growth. This paper argues that a two-sector approach, in which technological progress in the production of durable goods exceeds that in the ...