This paper examines whether growth regressions should incorporate dualism and structural change. If there is a … factor productivity. The paper develops empirical growth models that allow for this effect in a more flexible way than … labour can explain a significant fraction of the international variation in TFP growth. …

The optimal mix of growth policies is determined within a comprehensive endogenous growth model. The analysis captures …

. We challenge this view by arguing that a number of judicial procedures foster economic growth by increasing the … predictability of court decisions, which leads to more transactions and higher investment levels. We investigate the effects on … economic growth of 15 judicial procedures. Employing a standard growth model, we find in a cross-section of 67 countries that …

This paper proposes a growth-oriented dual-income tax by combining an allowance for corporate equity with a broadly … demonstrates the neutrality properties of the reform with respect to investment, firm financial decisions and organizational choice …. Tax rates are chosen to prevent income shifting from labor to capital income. The reform decisively strengthens investment …

more favourable loan package; that it is associated with over-investment even when investment does not create collateral … higher growth. Our analysis accommodates costly signaling for gaining credibility and also assigns a novel role to spending …

migration and public investment in infrastructure and education. Accumulation and creation of new ideas and technologies as well … as migration are at the core of differential regional growth. In this framework, we assess the effectiveness of …

This paper develops a two-sector R&D-based growth model with congestion effects from increasing urban population … slowdown in the modern sector. Eventually, economic growth may cease in the long-run. We also show that land dilution from a …

Long run economic growth goes along with structural change. Recent work has identified explanatory factors on the … demand side (non-homothetic preferences) and on the supply-side, in particular differential productivity growth across … these trends. The interplay of differences in productivity growth and in the substitution elasticity across sectors drive …

Investment in network infrastructure can boost long-term economic growth in OECD countries. Moreover, infrastructure … investment can have a positive effect on growth that goes beyond the effect of the capital stock because of economies of scale … between infrastructure and economic growth. Time-series results reveal a positive impact of infrastructure investment on …