In this paper, we study some of the properties of a discrete-time version of the two-class model of growth and …

This research develops a unified growth theory that captures the transition from the domination of geographical factors … agrarian to an industrial economy generating diverging growth patterns across countries. Furthermore, the qualitative change in …

asymmetrically. The gains from trade were channeled towards population growth in non- industrial nations while in the industrial … nations they were directed towards investment in education and growth in output per capita. International trade enhanced the … comparative disadvantage in the production of skilled intensive goods. The focus on the interaction between population growth and …

This paper looks at the linkages between growth and business cycles by bringing together two strands of literature. We … incorporate a quality ladders engine of growth into an otherwise standard real business cycle model. Our fundamental question is …

This paper develops a growth theory that captures the replacement of physical capital accumulation by human capital … accumulation as a prime engine of growth along the process of development. It argues that the positive impact of inequality on the … growth process was reversed in this process. In early stages of the Industrial Revolution, when physical capital accumulation …

education contributes to explain the important, long-term effects of nutrition and health on economic growth and implies that … nutrition and health play a causal role in the persistence of inequality and in the effects of inequality on growth. …

divergence and lower long-run growth, whereas we find absolute convergence in expansions. The output costs of political and … financial crises are permanent on average and long-term growth is negatively linked to volatility. These results also imply that … panel data studies can help identify the sources of growth and that economic models should be capable of explaining growth …

growth, focusing on the e ects of declining mortality. Unlike the existing literature, this paper stresses the role of …

: product innovation causes horizontal expansion growth, and process innovation causes vertical expansion growth. Market …