There has been a revival of interest in the effect of risk on economic growth. We quantify both ex ante and ex post … remarkable long-running panel data set for rural households in Zimbabwe. We find that risk substantially reduces growth: in the …, the first micro-based estimate of the effect of shocks on growth. About two-thirds of the impact of risk is due to the ex …

We analyze how the threat of a potential future regime shift affects optimal management. We use a simple general growth …

This paper addresses the interplay between economic growth, energy use, change in sectoral composition and … considerably to macroeconomic energy-productivity growth while in other countries they partly offset energy-efficiency improvements … also find labour productivity growth to be higher on average than energy productivity growth. Over time, this bias towards …

How does global aging affect the convergence in global economic development? Both the developing and developed world … dividend of extra growth. During the twenty years from 1975 to 2005 Europe and the US have benefited from a strong demographic … potential growth phase may well disappear if supporting conditions for growth are absent. Large-scale migration is not expected …

The topic of convergence is at the heart of a wide-ranging debate in the growth literature. Empirical studies of … is misleading to speak of a natural convergence rate, since estimates of different growth regression! s come from … convergence differ widely in their theoretical backgrounds, empirical specifications and in their treatment of cross …

This paper provides an empirical analysis of energy- and labour-productivity convergence at a detailed sectoral level … for 14 OECD countries, covering the period 1970-1997. A fã-convergence analysis shows that the development of cross …-country variation in productivity performance depends on the level of aggregation. Both patterns of convergence as well as divergence …