human capital has always been of high importance in economic growth literature. in this regard, several studies have tried to explain the role of this variable via the use of different models. the present study, in line with the previous ones, going to estimate the share of human capital in iranian economy production from 1974 to 2011 within the framework of ozawa (1965) and lucas’s (1988) endo...

abstract the main purpose of this paper is to obtain the optimal amount of expenses of government relating to the protection of property rights (pprs). to achieve these purposes we have introduced concept of social intelligence with respect to pprs and then developed different growth model from existing literature. in the second step the optimal share of government spending on the pprs is calcu...

abstract on 6 december 2006, australia and korea announced a joint study on a possible australia-korea free trade agreement (akfta) to promote trade and economic relations between the two countries. the paper provides empirical evidence on the possible gains and their transmission mechanism from this agreement. significantly, it uses a new economic policy modelling approach, the endogenous grav...

We analyze the relative growth performance of open economies in a two-country model where di¤erent endowments of labor and a natural resource generate asymmetric trade. A resource-rich economy trades resource-based intermediates for …nal manufacturing goods produced by a resource-poor economy. Productivity growth in both countries is driven by endogenous innovations. The e¤ects of a sudden incr...

in this paper, we develop a ramsey-type endogenous growth model in which government spending on property rights protection is a major determinant of economic growth. this model includes equations for welfare, private and public sectors production. we introduce the legal efficiency into private production function, and x-inefficiency parameter into public production function. also, we consider t...

this paper using endogenous growth models based on research and development, has investigated two economic relations in three groups of countries included developed countries, developing countries and a mixed group of both mentioned ones. at first, the effects of r&d; activities on patent growth have examined and then the relation between volume of patent and growth rate in these groups has sur...

a r t i c l e i n f o Available online xxxx JEL classifications: O33 O34 O41 Keywords: Intellectual Property Rights (IPR) Economic growth North–south model In this paper, we develop a general equilibrium endogenous growth model that emphasizes the IPR enforcement effects on growth, in a scenario of north–south technological knowledge diffusion. The economy consists of three sectors, and firms a...

This article reviews issues related to the incorporation of non-renewable resources in the theory of economic growth and development. As an o¤shoot of the new growth theory of the last two decades a series of contributions have studied endogenous technical change in relation to resource scarcity. We discuss the main approaches within this literature and consider questions like: How is the new l...