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Ghana’s Struggle with Depreciation and Growth in the Solow Model
Ghanaians see the evidence of economic wear-and-tear every day. Potholes often appear soon after a road project is ...
Economic Theory, Vol. 29, No. 2, Symposium in Honor of Mukul Majumdar (Oct., 2006), pp. 341-362 (22 pages) We highlight two features of undiscounted optimal growth in the context of a two-sector model ...
Howitt and Aghion received the honor for their endogenous growth model developed in the late 1980s. Mokyr was recognized for ...
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