Annals of Economics and Statistics, No. 155 (September 2024), pp. 3-44 (42 pages) We formalize inter-sectoral knowledge diffusion in a standard fully endogenous Schumpeterian growth model. Each sector ...
This paper analyzes the impact of cyclical volatility on long-term economic growth: does growth increase or decrease with increased cyclical volatility? We construct a stochastic two-sector model of ...
As China's first fundamental law specifically focusing on promoting the private economy, the Private Sector Promotion Law took effect on Tuesday, marking a milestone in the history of the development ...
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