I derive the optimal choice of public policy, explicitly characterize the optimal rate of endogenous economic growth, and compare it to the competitive growth rate in a two-sector model with ...

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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