The effect of business tax and regulation on growth, together with potential effects of government spending on … education and R&D, is embodied in a model of a small open economy with growth choices. The structural model is estimated on post … regressions of growth. Statistical rejection can occur at either the structural or the growth regression stage. The models …

estimate a growth equation that relates the growth rate of income per capita to the rates of accumulation of physical, human … variables to the relative growth performance of each country and to observed income convergence in the sample. …

There is a significant controversy among academics and policy-makers about whether policies matter for economic growth … (monetary, fiscal and trade) have an explanatory power for the cross-country variation in growth rates and income per capita … growth. In a cross-section of 91 countries, policy volatility emerges as a key determinant of macroeconomic performance. An …

The empirical literature on economic growth and development has moved from the study of proximate determinants to the …

growth accounts including intangible capital for 14 countries. We find (a) intangible investment in the EU is less than the … 2007 capital deepening accounted for almost 50% of growth in the EU and 65% in the US, with intangible investment … growth, consistent with spillovers from intangibles. …

Pooling data for 1905 to 2000, we find no systematic relationship between top income shares and economic growth in a … top decile’s income share is associated with a statistically significant 0.12 point rise in GDP growth during the … inequality is permanent, the increase in growth appears to be permanent. However, our estimates imply that it would take 13 years …

We study the relationship between geography and growth. To do so, we first develop a dynamic spatial growth theory with … realistic geography. We characterize the model and its balanced growth path and propose a methodology to analyze equilibria with …

contributed to Austria's post-war growth and the evolution of its pattern of trade over time. The paper looks at two lessons for …