Abstract: In an endogenous growth model with two public services with differing productivities, this paper analytically characterises optimal fiscal policy for a decentralised economy, whereby the optimal values of the growth rate, tax rate and expenditure shares on the two public goods are linked

This paper reviews endogenous growth theories in the light of the modern reality. It seems that economies which are similar in technologies and preferences are expected to converge to the same level of per capita income. The question “How are repetitions of financial crisis best predicted

The aim of this paper is to investigate the determinants in per capita growth rate in Malaysia. The determinants draw on the recent endogenous growth theories and apply the Solow methodology to time series data from Malaysia, In our model, we develop a three different mode-IS, i.e. Solow model

The environmental impacts on an economy is studied over time using endogenous growth theory. Externalities from the environment on production a re central in the analysis, and we examine whether an optimal path realizes more rapid economic growth. The paper is mainly focusing on developing

In all too many contributions to New (Endogenous) Growth Theory – though not in all – central reference is made to ‘a stock of knowledge’, a ‘stock of ideas’, etc., this variable featuring centre-stage in the analysis. Yet it is immediately apparent that this is far from being a crystal clear

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This article focuses on the main growth policies arising from the new endogenous growth theory. A critical investigation of an important class of theoretical models is presented and relevance is given to variables known to be of crucial importance regarding growth policy’s design and implementation

We propose a simple theoretical framework to study the impact of infrastructure on eco-nomic growth and regional unbalances. The framework presents in a unified way the main insights of NEG models with endogenous growth and free capital mobility. Two main re-sults stand out. First, there is a trade

Abstract: The role of industrial and corporate knowledge is discussed in the light of endogenous, knowledge based, growth theory (Romer 1986), and linked to the concept of intellectual capital (Stewart 1994). The creation of intellectual capital is conceptually described as an industrial

essay by Paul Romer is credited with precipitating this recent revolution. AS Warsh writes: it was until 1990, when “Romer published a mathematical model of economic growth in a mainstream journal that the economics of knowledge at least came into focus, after more than two centuries of informal