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 …

interrelationships between inequality and economic growth. This paper develops a simple model to establish that the change in income … result, the relationship between growth and inequality can take the form of a wave. This simple theoretical model is a …High income growth in many countries in East Asia and the Middle East has been accompanied by increasing income …

Cross-country regressions suggest that urbanization and FDI are important drivers of growth. However, it is not clear … that primacy eventually hurts growth performance. Since it is tough to interpret cross-country growth regressions, we … growth and unbundling spatial lags matters. Robustness is verified by re-estimating our regressions with fixed effects and …

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 …

We build a two-sector dynamic general equilibrium model with one-sided substitutability between fossil carbon and … the biocarbon sector. Otherwise, the price increase is much higher. We also use the model to analyze the consequences of …

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 …

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 …