This paper examines whether growth regressions should incorporate dualism and structural change. If there is a … factor productivity. The paper develops empirical growth models that allow for this effect in a more flexible way than … labour can explain a significant fraction of the international variation in TFP growth. …

endogenously reallocate toward the fastest growing producers of investment. Growth accounting exercises demonstrate that investment … capital (investment network). For each network, we document a declining fraction of production by goods sectors and a rising … fraction of production by services sectors. We develop a multisector growth model that admits structural change in production …

This paper studies the effect of structural change on the historical path of aggregate labor productivity growth for a … large sample of European countries, and it builds a quantitative multi-sector growth model to analyze the potential impact … that structural change may have on future productivity growth. We document that the observed reallocation of economic …

reallocation of labor from goods-producing to service-producing occupations is a robust feature in censuses from around the world …

The nexus between corruption and economic growth has been examined for a long time. Many empirical studies measured … 2012-2018 and re-examine the nexus between corruption and economic growth. The cumulative long-run effect of corruption on … growth is that real per capita GDP decreased by around 17% when the reversed CPI increased by one standard deviation. The …

and promotes growth. A stylized model is constructed to illustrate this type of hoarding behavior. The relevance of the … crisis period. Individual economy estimation results, however, show that the Joneses effect varies across economies …

This paper proposes a growth-oriented dual-income tax by combining an allowance for corporate equity with a broadly … demonstrates the neutrality properties of the reform with respect to investment, firm financial decisions and organizational choice …. Tax rates are chosen to prevent income shifting from labor to capital income. The reform decisively strengthens investment …

. We challenge this view by arguing that a number of judicial procedures foster economic growth by increasing the … predictability of court decisions, which leads to more transactions and higher investment levels. We investigate the effects on … economic growth of 15 judicial procedures. Employing a standard growth model, we find in a cross-section of 67 countries that …