Oxford Review of Economic Policy, Vol. 23, No. 1, THE SOLOW GROWTH MODEL (SPRING 2007), pp. 94-114 (21 pages) In this paper, we seek to re-establish the link between the constant elasticity of ...

This is a preview. Log in through your library . Abstract The long adjustment times implied by the neoclassical growth model are reviewed.The model is transformed into state-space notation, and the ...

This paper studies China’s four-fold increase in per capita GDP relative to the US between 1995 and 2019. First, we argue that China’s growth pattern is very similar to that of several other East Asia ...

Two Americans won the Nobel Prize in Economics on Monday for their work suggesting robust, long-term economic growth can go hand in hand with a healthier, happier planet — if the rules of business and ...

Over the past decades, the economic sciences have seen fundamental breakthroughs in our understanding of human responses to incentives in the face of uncertainty and strategic interactions. But what ...

In the aftermath of the global financial crisis and the ensuing economic and political disruptions, inequality has re-emerged as a central focus of public debate. The drivers of rising inequality of ...