Economist Paul Romer won the 2018 Nobel Prize in Economics on Monday. Romer's endogenous growth theory proposes that there's a snowball effect in the market of ideas: "The more we know, the easier ...

This paper presents a three-class growth model with labour market conflict. The classes are workers, a middle-management middle class and a 'top' management capitalist class. The model introduces ...

The main goal in this paper is to analyze an economic model of endogenous growth where human capital accumulation acts as the engine propelling economic activity. The added ingredient in our model is ...

Discover how the Gordon Growth Model calculates stock value using constant dividend growth, including key inputs and examples ...

This paper describes a macroeconomic framework integrating disasters in the analysis of growth and long-term economic resilience. The framework is a dynamic growth model incorporating endogenous human ...

Over time, Lucas argued, people would start to understand the model that policy makers used for the economy. That meant, for example, that if the Federal Reserve increased the growth rate of the ...