, growth results from innovations that allow local sectors to catch up with the frontier technology. In relatively poor … must be adapted. In such a country, local saving matters for innovation, and therefore growth, because it allows the … innovation project, so local saving does not matter for growth. In our empirical exploration we show that lagged savings is …

the share of agriculture, the population growth rate, and the standard democracy indices. We demonstrate that two related …

investments, increases fertility and may be detrimental for growth. …

unemployment and the ensuing income risks. In the absence of formal credit or insurance markets the rural poor typically resort to …-to-urban migration, and (ii) mutual (ex-post) transfers between families of friends and relatives. Access to credit through a … credit may affect the more traditional/time honoured means of risk coping, such as seasonal migration. Given that credit, i …

productivity of the sector producing the infrastructure. We show that this economy displays perpetual growth whenever the share of … conditions under which the tax rate is growth maximizing. …

We introduce wage setting via efficiency wages in the neoclassical one-sector growth model to study the growth effects … that the model with wage inertia can explain some growth patterns that cannot be explained when wages are flexible. We also … study the growth effects of permanent technological and fiscal policy shocks in these two economies. During the transition …

growing economy, that is when population growth is optimal in the long-run, this egalitarian rule can only hold when the …

infrastructure and environmental investment, in a general-equilibrium growth model with endogenous subjective discounting. A green … raising growth and improving environmental conditions, although the environment does not impact the production technology …. Also, endogenous Ramsey and growth-maximizing policies eliminate the possibility of an 'environmental and economic poverty …

growth. However, it generates a U-shaped relationship between FDI and local imitation. We also allow for “backward …” spillovers in knowledge to Northern innovation, which partially restores global efficiency and growth. We find that Southern R … either region raises innovation growth. …