The endogenous growth literature has explored the transition from a Malthusian world where real wages, living standards … modern industrial growth breaks that link. Recently, economic historians have presented evidence from England showing that … secular rise thereafter – must be explained both by industrial revolutionary growth forces and by global forces that opened up …

A democratic society in which the distribution of wealth is unequal elects political parties which tend to represent …

twenty-period of rapid income growth. It addresses the problem of the endogenous placement of networks by exploiting the fact … moderate positive causal effect on per capita GDP levels across sectors, but no effect on per capita GDP growth. We provide a …

lower interest and participation in political activities and prefer labor market regulation and welfare systems based upon … growth, but they may provide relief from stress, support to family members and increased wellbeing. We argue that the value …

We study a model in which the effects of taxation on growth are highly non-linear. Marginal increases in tax rates have … a small growth impact when tax rates are low or moderate. When tax rates are high, further tax hikes have a large …, negative impact on growth performance. We argue that this non-linearity is consistent with the empirical evidence on the effect …

model incorporates the assumption of subsistence consumption into the neo-classical exogenous growth model – yielding …

business. As a result idiosyncratic risk discourages entrepreneurial activity and hinders growth, with the effects being … and dispersion of productivity growth. …