income growth among regions. Empirical data seem to support the absolute convergence hypothesis for U.S. states, but the data … also show that natural resource-abundance is a significant negative determinant of growth. We find that natural resource … effects can fully explain the negative effect of natural resource abundance on growth. …

include an additional dimension of public policy, namely education funding. Indeed, the productivity growth of future workers …

that growth can be enhanced by the introduction of pay-as-you-go pensions even if the growth rate of aggregate wages falls … redistributive. This means that if a flat benefit PAYG pension system is in place then the economy will achieve the highest growth …

elucidate part of the resource curse hypothesis; i.e. the observed negative impact of resource wealth on income growth. We … develop a variation of the Ramsey-Cass-Koopmans model with endogenous growth to explain the phenomenon. In this model … show that an increase in resource income frustrates economic growth in two ways: directly by reducing work effort and …

We examine empirically the effect of natural resource abundance on economic growth. We find that natural resources have … a negative impact on growth when considered in isolation, but a positive impact on growth when including in the analysis … indirect effect on growth, that is, when we examine possible transmission channels, we find a strong negative effect of natural …