as on the three main growth channels: total factor productivity, physical capital accumulation, and human capital … through lower accumulation of physical capital. Our results indicate that the negative growth effects of commodity terms of …

on the long-term performance of a developing country. The model emphasizes expenditures on human capital and the dynamics …

This paper analyses the impact of government tax and subsidy policy on immigration of human capital and the effect of … and human capital accumulation, we argue that human capital flight or “brain drain” arising out of wage differentials, say … positive effect on growth, such a policy can have a negative effect on growth when human capital flight is taking place. Since …

that these appreciations reflect underlying productivity gains in the tradable sector. Using panel data over the period … 1993-98, the results show clear evidence of productivity-driven exchange rate movements in the central and eastern European … expect to experience further productivity-driven real exchange rate appreciations. Evidence from a large cross-section of non …