This paper is concerned with the role of the output-capital ratio in growth models. In the first part we highlight the behaviour of the output-capital ratio along the balanced growth path in the models of Solow (1956) and Romer (1986). In the second part we assess the stability of the ratio for some industrial countries. JEL classification: O40, N10

The strategic effects of subsidies on output and subsidies on investment differ substantially in dynamic modeis where a government's commitment ability is limited. Output subsidies remain effective even as the period of commitment vanishes. but investment subsidies may become completeiy ineffective. This difference has been obscured because most existing models of strategic trade policy are sta...

We analyze an oligopoly where public and private firms compete in quantity and R&D. Using general functions, we show that an output subsidy and an R&D tax can achieve the first-best allocation. Moreover, the degree of privatization does not influence the optimal output subsidy but does influence the optimal R&D tax. JEL Classification: H42; L13; L32;

JEL Classification Code(s): J 31, J 71) "Perceptions of Discrimination, Effort to Obtain Psychological Balance, and Relative Wages: Can We Infer a Happiness Gradient?" There is a substantial literature that finds a linkage between happiness and relative economic well being as measured by earnings or wages. There is also a well documented racial gap in wages. One explanation for this is disparat...

there are various views about deceision making for the model of growing crops in risky conditions such as: motad model, inome - variance, grade2 planning, inseparable linear planning, and limited extreme risk model, focus-loss model, and target- motad . in this study, target - motad model has been used as the optimum pattern of growing crops in arsanjan. the results have been compared with thos...

Several researchers have recently documented a large reduction in output volatility. In contrast, this paper examines whether output has become more predictable. Using forecasts from the Federal Reserve Greenbooks, I find the evidence is somewhat mixed. Output seems to have become more predictable at short horizons, but not necessarily at longer horizons. The reduction in unpredictability is mu...

abstract o ur basic aim in this paper concerns the question that if overusing the information technology by service and manufacturing firms can increase the total productivity resulting from this kind of technology regarding the iran's economic structure and conditions. for this purpose, we primarily evaluate the productivity resulting from the rate of firms' use of it for the differe...

This paper investigates the relationship between telecommunications infrastructure competition, investment and productivity. Using econometric modelling and input-output economics, the analysis examines and measures the extent to which telecommunications has contributed to national and sectoral productivity performance. The main findings from this paper suggests that most industries have benefi...

This paper extends my previous analysis of the causal relationship of GDP and energy use in the USA in the post-war period. A majority of the relevant variables are integrated justifying a cointegration analysis. The results show that cointegration does occur and that energy input cannot be excluded from the cointegration space. The results are plausible in terms of macroeconomic dynamics. The ...

This paper explores the issue of efficiency in English higher education using data envelopment analysis and stochastic frontier analysis to estimate an output distance function (which incorporates measures of both quantity and quality of teaching and research inputs and outputs) over a thirteen-year period. The study compares the efficiency estimates derived from various estimation methods, and...