We study the balanced growth paths and their stability features of a monetary two-sector endogenous growth model with physical capital and human capital accumulation. The demand of money is motivated ...
The latest winner of the Nobel Prize in Economic Sciences is Professor Paul Romer. He achieved this prestigious accolade for his work on endogenous growth theory Professor Paul Romer's theory ...
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We develop a new approach to estimating DSGE models with occasionally binding borrowing constraints and apply it to Mexico’s business cycle and financial crisis history. We propose a new endogenous ...
All theories of economic growth, from the Solow Model to the Endogenous growth theory, share one similarity — the importance of innovation in development. Technological advancement tends to have ...
This paper presents a spatially aggregated multiperiod taxi service model with endogenous service intensity. The whole day service period is divided into a number of subperiods; during each subperiod, ...
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