with its employment share. This might explain the difference in the reported productivity growth of contracting goods and … have similar productivity growth rates is a plausible alternative characterization of growth in developed economies. …

Saving and growth are strongly positively correlated across countries. Recent empirical evidence suggests that this … correlation holds largely because high growth leads to high saving, not the other way around. This evidence is difficult to … reconcile with standard growth models, since forward-looking consumers with standard utility should save less in a fast …

aggregate capital stock. In equilibrium, this leads to slow economic growth and a 'voracity effect,' by which a shock, such as a … terms of trade windfall, perversely generates a more-than-proportionate increase in fiscal redistribution and reduces growth …. The authors also show that a dilution in the concentration of power leads to faster growth and a less procyclical response …

This paper develops a unified growth model that captures the historical evolution of population, technology, and output … evolves from a Malthusian regime, where technological progress is slow and population growth prevents any sustained rise in … income per capita, into a Post-Malthusian regime, where technological progress rises and population growth absorbs only part …

A multicountry Schumpeterian growth model is constructed. Because of technology transfer, R&D-performing countries … converge to parallel growth paths; other countries stagnate. A parameter change that would have raised a country's growth rate … countries and raise the world growth rate. Transitional dynamics are analyzed for each country and for the world economy. Steady …