AGGLOMERATION AND GROWTH WITH ENDOGENOUS EXPENDITURE SHARES*

Di!erential savings, factor shares, and endogenous growth cycles

The paper analyzes the dynamic properties of the neoclassical one-sector growth model with di!erential savings in the sense of Kaldor}Pasinetti. The economy exhibits unstable steady states and #uctuations if the income distribution varies su$ciently and if shareholders save more than workers. The paper analyzes in detail the dynamics for the case with a "xed proportions technology as well as wi...

Estimating health expenditure shares from household surveys.

OBJECTIVE To quantify the effects of household expenditure survey characteristics on the estimated share of a household's expenditure devoted to health. METHODS A search was conducted for all country surveys reporting data on health expenditure and total household expenditure. Data on total expenditure and health expenditure were extracted from the surveys to generate the health expenditure s...

Endogenous growth promotors and inhibitors in tahiti lime

Who Shares Risk with Whom and How? Endogenous Matching and Selection of Risk Sharing Equilibria

I examine a model in which agents first form risk-sharing pairs, and then repeatedly share income risks under limited commitment. Agents of different occupations differ in income autocorrelations, i.e. how their current incomes correlate with past ones. I show that agents with high autocorrelation are hard to share risks with. Two equilibrium outcomes can occur: either 1) agents match positive ...

Energy expenditure, nutrition and growth.

Fundamental to appropriate nutritional prescription is an understanding of the conditions necessary for growth that include the requirements for energy in health and illness. Energy requirements need to be met by the dietary intake to prevent weight loss. A positive energy balance will result in weight gain. Energy requirement includes several components; the largest is the basal metabolic rate...