Large external debt and (slow) domestic growth: a theoretical analysis

Article Abstract:

The optimal strategy of lending countries in rescheduling debt payments is discussed. It is recommended that these countries divide the debt into two parts, namely, a performing portion and a nonperforming one. The performing part is regarded as the more significant of the two and servicing for this sector should be highlighted. Nevertheless, its is also shown that an external debt that is too big can slow down investment and consequent economic growth.

External debts

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The transfer of human capital

Article Abstract:

The intergenerational transfer of human capital or knowledge is modeled to determine the efficiency of such a learning activity. In the model, the old sell information to the young who, in turn, are faced with a choice to accept such or resist it. The resistance may arise because of the arrival of new technology that could supplant the old one being handed down by older agents. The young learn by watching the old perform tasks.

Models, Learning, Technology transfer, Teaching models

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Social norms, fertility and economic development

Article Abstract:

This paper shows how the presence of family-size social norms, such as women's fertility, years of schooling, and income leads to multiple equilibria affected by negative and positive spillovers within a framework of overlapping generations model

United States, Greece, Statistical Data Included, Gross national product, Education of women, Women's education, Fertility

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