This article analyzes the transition dynamics, what Hicks called the traverse, from one equilibrium toward another one—and the conditions for such a transfer—in a bi-sectoral economy under technological shocks.
In this article, we design a phenomenological model of the global human population dynamics by using the gross world product (GWP) as an exogenous input variable to determine the birth rate and death rates of each age group
In this paper, we estimate for the first time how production and emissions of manufacturing firms in one country respond to foreign demand shocks in trading partner markets.
This paper analyzes the potential benefit of using subsidies conditional on success or failure of an R&D program, rather than a flat subsidy.