During the past half century, theorizing about economic growth has forced economists to reconsider and revise the capital concept a number of times. This paper explores the analytical relationship between capital accumulation and economic growth, on the one hand, and the natural world, on the other. Section 1 sketches modern growth theory with an emphasis on whether or not the economy is seen a...

We study the effects on inequality of a ”Piketty transition” to zero growth. In a model with a worker-capitalist dichotomy, we show that the relationship between inequality (measured as a ratio of incomes for the two types) and growth is complicated; zero growth can raise or lower inequality, depending on parameters. In particular, the elasticity of substitution between capital and labor in pro...

The study assessed economic of maize production in Ogori/Magongo local government area of Kogi State. To this end, effort was made to examine the socio economic characteristics of the maize farmers, determine the resource use efficiency, problems as well as profitability of maize production in the area. To achieve the objectives of this study 48 maize farmers where randomly selected from 5 ward...

The main purpose of this research is the study on effect of Financial and Operating Leverage and Venture Capital on Tobin's Q ratio amongst companies listed in Tehran Stock Exchange. In this research, the Holdings and Investment companies are used as statistical samples and 73 enterprises that are listed in Tehran Stock Exchange within 2001 to 2016 have been studied. The results driven by this ...

This paper proposes a general solution to Solow’s original differential equation explaining the rate of change capital-labor ratio. Determining time path ratio, we obtain novel conditions under which ratio can reach stable steady-state value. Finally, apply our findings CES production function example and demonstrate that in addition identification conditions, exact period when economy its capi...

Abstract: In the article tax rates impact on GDP in Poland is analysed. The analysis is based on dynamic stochastic general equilibrium model (DSGE model). Impulse-response analysis shows that the increase in income tax rate causes the decrease in capital, labour and production. Moreover capital is partially replaced by consumption, because households minimise consumption fluctuations. The comp...

BACKGROUND The rapid decline in use of conventional total hip replacement with a large femoral head size and a metal-on-metal bearing surface might lead to increased popularity of ceramic-on-ceramic bearings as another hard-on-hard alternative that allows implantation of a larger head. We sought to address comparative effectiveness of ceramic-on-ceramic and metal-on-HXLPE (highly cross-linked p...

A key prediction of standard models of economic growth is that the output-capital ratio is constant along the economy’s balanced growth path. Using data for 16 OECD countries over 135 years we examine whether the output-capital ratio reverts to a constant in the long run using univariate and panel stationarity tests with structural breaks. Univariate unit root tests with one and two breaks in t...

Standard growth theory implies that steady-state growth in the presence of exponential declines in the prices of computers and other capital equipment requires a Cobb-Douglas production function. Conventional wisdom holds that capital shares are relatively constant, so that the Cobb-Douglas approach might be a good way to model growth. Unfortunately, this conventional wisdom is misguided. Capit...

Employing a neoclassical growth model with a constant elasticity of substitution production function, we develop a comparative static and dynamic analysis of the effects of the elasticity of substitution between inputs on the steady state growth path, growth threshold, speed of convergence and savings rates. Unlike earlier studies along these lines, we incorporate human capital, along with phys...