This paper analyses the remarkable growth experience of Indonesia since 1966. Over a thirty-year period, GDP per capita … main external shocks. The paper also argues that rapid growth interacted with weak institutions in a way that contributed …

One of the most striking regularities of the growth process is the massive reallocation of labour from agriculture into … industry and services. Balanced growth models are commonly used in macroeconomics because they are consistent with the well …-known Kaldor facts about economic growth. Unfortunately, these models are inconsistent with the structural change dynamics that are …

This paper provides a unified growth theory, i.e. a model that explains the very long-run economic and demographic … Malthusian era. The current framework lends support to existing unified growth theories and is well in tune with historical …

We present a model in which two of the most important features of the long-run growth process are reconciled: the … massive changes in the structure of production and employment; and the Kaldor facts of economic growth. We assume that …

following a technology improvement. The issue is the common high-low-high pattern of hours per capita and productivity growth …