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Jones, Larry - 2000

Our purpose in this paper is to present a class of convex endogenous growth models, and to analyze their performance in terms of both growth and business cycle criteria. The models we study have close analogs in the real business cycle literature. In fact, we interpret the exogenous growth rate...

Persistent link: https://www.econbiz.de/10012471134

Notes on Growth Accounting

Barro, Robert J. - 1998

Growth accounting breaks down economic growth into components associated with changes in factor inputs and the Solow residual, which reflects technological progress and other elements. This exercise is generally viewed as a preliminary step for the analysis of fundamental determinants of growth...

Persistent link: https://www.econbiz.de/10012472156

A Contribution to the Empirics of Economic Growth

Mankiw, N. Gregory - 1990

This paper examines whether the Solow growth model is consistent with the international variation in the standard of living. It shows that an augmented Solow model that includes accumulation of human as well as physical capital provides an excellent description of the cross-country data. The...

Persistent link: https://www.econbiz.de/10012475495

The Growth Effects of 1992

Baldwin, Richard - 1989

This paper demonstrates that several types of dynamic trade effects can be easily quantified, at least roughly. These dynamic effects on output are found to be much larger than the static effects measured by existing empirical studies of trade liberalizations. The paper exposits and measures the...

Persistent link: https://www.econbiz.de/10012475926

A Framework for Economic Growth with Capital-Embodied Technical Change

Jones, Benjamin F.; Liu, Xiaojie - National Bureau of Economic Research - 2022

Technological advance is often embodied in capital inputs. This paper develops a model where capital innovations occur on two margins: (1) vertically, where a capital input becomes more productive at a given task; and (2) horizontally, where a capital input replaces labor at a given task. These...

Persistent link: https://www.econbiz.de/10013388815

Growth theories in light of the East Asian experience

Itō, Takatoshi (ed.); Krueger, Anne O. (contributor) - 1995

Persistent link: https://www.econbiz.de/10013420700

Taxation, Corruption, and Growth

Aghion, Philippe - 2016

We build an endogenous growth model to analyze the relationships between taxation, corruption, and economic growth … infrastructure. Political corruption governs the efficiency with which tax revenues are translated into infrastructure. The model … predicts an inverted-U relationship between taxation and growth, with corruption reducing the optimal taxation level. We find …

Persistent link: https://www.econbiz.de/10012456744

Addressing the Natural Resource Curse : An Illustration from Nigeria

Sala-i-Martin, Xavier - 2003

confirmation of this aspect of natural resources. Waste and corruption from oil rather than Dutch disease has been responsible for … distributing the oil revenues to the public. Even with all the difficulties of corruption and inefficiency that will no doubt … could fundamentally improve the quality of public institutions and, as a result, transform economics and politics in Nigeria …

Persistent link: https://www.econbiz.de/10012468894

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

Additive Growth

Philippon, Thomas - National Bureau of Economic Research - 2022

Growth theory is based on the assumption of exponential total factor productivity (TFP) growth. Across countries and time periods I find that TFP growth is actually linear. Unlike the exponential model, the additive growth model provides useful medium-term forecasts of TFP. It also explains the...

Persistent link: https://www.econbiz.de/10013191045

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