4 datasets found

We analyze sunspot-driven fluctuations in the standard 2-sector RBC model with moderate increasing returns to scale. We provide a detailed theoretical analysis...

We analyze sunspot-driven fluctuations in the standard 2-sector RBC model with moderate increasing returns to scale. We provide a detailed theoretical analysis...

Should a country invest more in human or physical capital? The present paper addresses this issue, considering the impact of different factor intensities between...

This paper examines the interplay between public education expenditure and economic growth in a two-sector model. We reveal that agents' preferences for services,...