The optimal mix of growth policies is derived within a comprehensive endogenous growth model. The analysis captures …

in the U.S. private sector affect economic performance - productivity, profitability, investment, and growth. Freeman and … investment and, subsequently, lower employment and productivity growth. There is little evidence that unionization leads to …

We present evidence that an increase in investment as a share of GDP predicts a higher growth rate of output per worker … coefficients. They are robust to model specifications and estimation methods. The evidence that investment has a long-run effect on … growth rates is consistent with the main implication of certain endogenous growth models, such as the AK model. …

role of rising rates of investment. Because labor reallocation across sectors, TFP growth at the sector level and … investment are all inter-related, simple growth decompositions that are often used in the literature are not appropriate for … the same growth performance without any increase in the rate of aggregate investment. This has important implications for …

endogenous growth approach – will be contrasted with the Schumpeterian and evolutionary views pointing to the role of … capabilities and knowledge, considered as key inputs to foster economic growth. Then, attention will be turned to structural change …

can neoclassical trade theory take us in explaining this pattern? We estimate the production side of the Heckscher …

literature. This exercise reveals that differences in productivity growth across sectors, combined with differences in …

There is a growing interest in multi-sector models that combine aggregate balanced growth, consistent with the well … production in the more flexible sector more intensive in the input that becomes more abundant. As a result, growth rates of …