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Durlauf, Steven N. - 1998

We provide an overview of recent empirical research on patterns of cross-country growth. The new empirical regularities considered differ from earlier ones, e.g., the well-known Kaldor stylized facts. The new research no longer makes production function accounting a central part of the analysis....

Persistent link: https://www.econbiz.de/10012472386

Asiaphoria Meets Regression to the Mean

Pritchett, Lant - 2014

Consensus forecasts for the global economy over the medium and long term predict the world's economic gravity will …

Persistent link: https://www.econbiz.de/10012458092

Understanding the "Problem of Economic Development" : The Role of Factor Mobility and International Taxation

Razin, Assaf - 1999

The problem of economic development,' as Lucas (1988) states it, is the problem of accounting for the observed diversity in levels and rates of growth of per capita income across countries and across time. We study conditions under which capital mobility and labor mobility (two seemingly...

Persistent link: https://www.econbiz.de/10012471679

Sources of Convergence in the Late Nineteenth Century

Taylor, Alan M. - 1996

Although the empirical growth literature has yielded many findings on postwar convergence patterns, it has had little to say about the determinants of convergence in earlier epochs. This paper investigates convergence for group of seven countries during the period 1870-1914, the last great phase...

Persistent link: https://www.econbiz.de/10012473027

The Effect of Financial Development on Convergence : Theory and Evidence

Aghion, Philippe - 2004

We introduce imperfect creditor protection in a multi-country version of Schumpeterian growth theory with technology … transfer. The theory predicts that the growth rate of any country with more than some critical level of financial development … will converge to the growth rate of the world technology frontier, and that all other countries will have a strictly lower …

Persistent link: https://www.econbiz.de/10012468335

Was an Industrial Revolution Inevitable? Economic Growth Over the Very Long Run

Jones, Charles I. - 1999

This paper studies a growth model that is able to match several key facts of economic history. For thousands of years, the average standard of living seems to have risen very little, despite increases in the level of technology and large increases in the level of the population. Then, after...

Persistent link: https://www.econbiz.de/10012471409

Human Capital And Growth : Theory and Evidence

Romer, Paul M. - 1989

This paper outlines a theoretical framework for thinking about the role of human capital in a model of endogenous growth. The framework pays particular attention to two questions: What are the theoretical differences between intangibles like education and experience on the one hand, and...

Persistent link: https://www.econbiz.de/10012475868

Empirical Tests of Alternative Models of International Growth

Kotlikoff, Laurence J. - 1984

Recent changes in patterns of international trade and growth have rekindled interest in the relationships among trade, growth, and the international distribution of income. Three alternative models can serve as a theoretical foundation for an empirical analysis of these relationships. The first...

Persistent link: https://www.econbiz.de/10012477675

Human Capital and Economic Growth

Mincer, Jacob - 1981

Individuals differ in both inherited and acquired abilities, but only the latter differ among countries and time periods. Human capital analysis deals with acquired capabilities which are developed through formal and informal education at school and at home, and through training, experience, and...

Persistent link: https://www.econbiz.de/10012478310

Convergence and Modernization Revisited

Barro, Robert J. - 2012

frame-34 countries with GDP data starting between 1870 and 1896-estimation with country fixed effects is more appropriate … "iron-law" rate of 2%. In the post-1960s panel, estimation without country fixed effects supports the modernization … particularly the incorporation of China and India into the world market economy. For 29 countries since 1919, the levels and trends …

Persistent link: https://www.econbiz.de/10012460366