Most of the currently existing endogenous growth models were developed within and for industrial countries, i.e. for a … capital accumulation and low technological capabilities. For developing countries, GDP, GDP growth or the per capita versions … Reports. A growth model for developing countries should therefore put special emphasis on these non-monetary issues of …

We apply Bayesian Model Averaging procedures to a dataset on growth to estimate the output gap caused by the recent …

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 … to endogenous growth models, which often assume that a larger set of intermediate inputs increases productivity and … growth. The idea that countries can gain from international trade by getting ascces to a larger set of new products or new …

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 …