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 …

expensive and innovation investments that increase labor productivity are more profitable. We incorporate this channelin a new … 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 …

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 …

economic reform, economic growth and, with a delay, on investment and institutional change. Episode of high inflation, moreover …

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 …

After a decade of research on the relationship between institutions and growth, scholars in this field seem to be … divided. Economic institutions perform well in growth regressions and a body of literature argues that this supports the key … literature describes are the more stable political institutions, and these have been found to play no role in empirical growth …

We study the relation between the off-shoring of intermediates and services and productivity growth in the Italian … off-shoring”) is beneficial for productivity growth, while the off-shoring of services is not. We also find that the way … productivity growth is there with our direct measures based on input-output data but disappears when either a broad measure or the …

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 …