The volatility of unanticipated output growth in income per capita is detrimental to long-run development, controlling … for initial income per capita, population growth, human capital, investment, openness and natural resource dependence … the black box and conditioning the variance of growth shocks on several country characteristics. Natural resource …

dynamic general equilibrium model with endogenous economic growth and heterogeneous overlapping generations. We calibrate the … model for the US economy. First, we establish that the net effect of a decline in population growth on the growth rate of … growth performance and for individual welfare. Third, we showthat the assessment of pension reform proposals may be different …

High income growth in many countries in East Asia and the Middle East has been accompanied by increasing income … interrelationships between inequality and economic growth. This paper develops a simple model to establish that the change in income … growth rate is a non-linear function of the income growth if policy makers try to influence economic growth. As a result …

Most evidence for the resource curse comes from cross-country growth regressions suffers from a bias originating from …

corrects for endogeneity of resource exports and allows resource abundance affect growth. Their results show that resource … exports are no longer significant while the value of subsoil assets has a significant positive effect on growth. But the World … longer significant. However, the same evidence suggests that resource exports or rents boost growth in stable countries, but …

In a neoclassical economy with endogenous capital- and labor-augmenting technical change the steady-state growth rate … assessment of Klump and de La Grandville (2000) that the elasticity of substitution is a powerful engine of economic growth …. However, unlike their findings my result applies to the steady-state growth rate. Moreover, it does not hinge on particular …

This paper develops a new open-economy endogenous growth model where technology diffusion allows for a stable and non … social infrastructure, the degree of openness, the investment rate, population growth, the level of human capital, or growth …. Club convergence in growth rates can be traced back to a country’s openness and to a minimum required level of human …

This paper explores the long-run impacts of tax policy in a two-country model of endogenous growth with variable labor … financial flows, a change in tax policy in one country directly diffuses to the growth performance of the other country, even …

In this paper we test the AK model of growth with laboratory experiments. In each period, agents produce and trade … of growth. We analyze two treatments differing from technology. We find evidence of positive and constant growth, and the … treatment with a better technology exhibits higher growth. Remarkably, production, consumption and the capital stock grow at the …