This paper presents a simple Cass-Koopmans-Ramsey AK growth model with heterogeneity that explains how policies that … increase income inequality may temporarily boost a country's income growth rate. Briefly put, a change in policy that reduces … redistributive transfers will free up resources to the households with the highest productivities, resulting in an aggregate growth …

is addressed. Using provincial panel data on industrial growth, capital and employment, the impact of inequality on … industrial growth is estimated as affecting technical efficiency and level of technology. The results show a significant positive … effect of intra-provincial disparities on provincial industrial growth, with causality from inequality to growth. Moreover …

This paper provides an empirical evaluation of the impact of infrastructure development on economic growth and income … involves the estimation of simple equations for GDP growth and conventional inequality measures, augmented to include among the …. The two robust results are: (i) growth is positively affected by the stock of infrastructure assets, and (b) income …

In this paper we try to estimate the impact of Structural Funds on the growth rates of Objective 1 European regions … during the two first Programming periods (1989-2000). For that purpose, we develop a ''hybrid'' model of economic growth that … results suggest that Structural Funds have positively influenced the growth process of Objective 1 regions although their …

In a simultaneous equations with error components framework, we analyze the institutions-growth relationship. We … the direct and indirect effects of institutions on growth. We find that the effects of political freedom on total factor … force growth. Economic freedom, on the other hand, has positive and significant effects on total factor productivity …

This paper presents an accumulation-driven growth model where investment depends on public policy which in turn depends … on economically important fundamentals. It is argued that conditioning on factor accumulation in growth regressions that … also include policy variables may be problematic. When policy is endogenous the measured effects of policy on growth will …

We present a discrete-time version of an otherwise standard Schumpeterian growth model. Discrete time exhibits two … level, but there is faster growth. Numerical simulations suggest that this also leads to higher welfare. …

studying an environment in which a trade-off between risk sharing and growth arises endogenously. Financial intermediaries …-sharing and growth. We show the balance of intermediaries and market that maximizes welfare depend on parameter values. …

long run data into several subperiods. We use a two stage approach in this work. We first model the growth rate of output … directly and use this model to estimate the long-run growth rate for the countries in our sample. We then use the estimates of … long-run growth in output to test for unconditional convergence and to test for equality of long-run growth across …

labour and growth. We consider an OLG model, with parental educational choices. It is assumed there is a trade off between … education system, where schooling quality is endogeneized can improve growth and reduce child labour, and cycles may occur. A …