We present a Solow-type growth model without constant returns. The population is heterogeneous with respect to capital per head, rate of saving, depreciation, and growth. We employ a continuous version of the Shapley value to divide total output among the di¤erent groups. In contrast to the standard Solow model, or its endogenous growth manifestation (labelled AK-type growth models), there may ...

Abstract The increasing use of bioethanol fuel, as a promising carbon-neutral alternative to petroleum-based gasoline, has raised concerns on compatibility issues between and the polymer components used in automotive fuel system. Here, performance two commercial glass-fiber reinforced polyamide composites (polyamide 12 (PA12) an aromatic highly-biobased (polyphthalamide, PPA)) exposed mixture e...

SBTC is a powerful mechanism in explaining the increasing gap between educated and uneducated wages. However, SBTC cannot mimic the US within-group wage inequality. This paper provides an explanation for the observed intra-college group inequality by showing that the top decile earners’ significant wage growth is underpinned by the link between ex ante ability, math-heavy college majors and hig...

The construction of eight nonisomorphic new symmetric (100,45,20)-designs, having E25 . S3 as their full automorphism group, is presented. 1. PRELIMINARIES Symmetric (100,45,20)-designs belong to Menon series consisting of all symmetric designs with parameters (4t2, 2t2 t, t2 t). The existence of such a design, on the basis of its equivalence with the existence of regular Hadamard matrix of ord...

The paper presents a theory of the industrial transformation amongst sectors along the balanced growth path equilibrium, using endogenous growth theory. Allowing only a slight upward trend in the productivity of the human capital sector, combined with ascending degrees of human capital shares of sectoral output, in say, agriculture, manufacturing and services, output gradually shifts relatively...

Using a normalized CES function with factor-augmenting technical progress, we estimate a supply-side system of the US economy from 1953 to 1998. Avoiding potential biases that have occurred in earlier estimations and putting a high emphasis on the consistency of the data set, required by the estimated system, we obtain robust results not only for the aggregate elasticity of substitution but als...

The article describes the past and future energy natural resources policies in Russia. authors consider main trends prospects state policy. shows relationship between National Welfare Fund growth decline consumption. argue ability of raw materials revenues to solve problems social financing. analysis relies on VAR VECM-model test generated hypotheses. model explores changes prices proportion in...

We study the interplay of inequality and trust in a dynamic game, in which trust increases efficiency and thus allows higher growth of the experimental economy in the future. We find that trust is initially high in a treatment starting with equal endowments, but decreases over time. In a treatment with unequal endowments, trust is initially lower yet remains relatively stable. The difference se...

Using administrative panel data on the entire Danish population we document a new set of facts characterizing occupational mobility. For most occupations, mobility is U-shaped and directional: not only low but also high wage earners within an occupation have a particularly large probability of leaving their occupation, and the low (high) earners tend to switch to new occupations with lower (hig...

1 nucleopolyhedrovirus regulates expression of viral gene 2 ODV-E25 3 4 Mengxiao Zhu, Jinwen Wang*, Riqiang Deng, Peiwen Xiong, Hai Liang, Xunzhang 5 Wang* 6 School of Life Science, Sun Yat-sen University, Guangzhou 510275, People’s Republic of China 7 8 *Corresponding author: Jinwen Wang and Xunzhang Wang. 9 Mailing address: School of Life Science, Sun Yat-sen University, Guangzhou 510275, 10 ...