Reports. A growth model for developing countries should therefore put special emphasis on these non-monetary issues of … development. The endogenous growth model developed in this paper explicitly considers health and education next to consumption in … model is calibrated using parameters from the literature and both, the long run balanced growth path and the transition …

We apply Bayesian Model Averaging procedures to a dataset on growth to estimate the output gap caused by the recent … Bayesian Model Averaging techniques. Since parameter heterogeneity might play an important role in our dataset, a large number … of interaction terms are included in the model. To treat these correctly the authors specify a new kind of model prior …

discussed. Other major series of the regional household accounts are discussed as well. Some forecasts (using the HERMREG model …

This study investigates the impact of stock market development on economic growth in China. To this end, the quarterly … capitalization, and economic growth is negative. This result is consistent with Harris’ (1997) finding that the stock market … development generally does not contribute positively to economic growth in developing countries if the stock market is mainly an …

Product variety has played a central role in models of trade and growth. Classical trade theory postulates that the …, brought the study of varieties into sharp focus by presenting a simple model in which countries gain from trade through the … to endogenous growth models, which often assume that a larger set of intermediate inputs increases productivity and …

GDP growth in 1980--2004, with technological progress being particularly powerful in 1990--2004. Average efficiency levels … have been declining, providing negative contributions to GDP growth. 10. According to the Cobb--Douglas production function … specification, TFP growth, physical capital accumulation, and human capital accumulation have all provided positive contributions to …

-term growth. To investigate the presence of heterogeneity, we estimate an interaction model where we include as regressors –along …The influence of government size on per capita GDP growth has attracted much interest from scholars during the past two … in affecting economic growth. Some authors find negative effects (Barro, 1991, De la Fuente, 1997, or Fölster and …