There is growing interest in multi-sector models that combine aggregate balanced growth, consistent with the well … intensive in the input that becomes more abundant. As a result, growth rates of sectoral capital-labor ratios can differ and, if …

Measured rates of growth in real per capita income differ drastically depending on the data source. This phenomenon …. Replication of several recent studies of growth determinants shows that results are sensitive in important ways to the choice of …-country patterns over time (growth rates) have been largely ignored at the cost of possibly contaminating the conclusions …

This paper presents an analysis of the effect of bureaucratic corruption on economic growth through a public finance … seigniorage finance. This leads to an increase in inflation which, in turn, reduces capital accumulation and growth. At the … of the government's budget constraint, we find strong evidence to support these predictions under different estimation …

In this paper we present the Ifo Investment Database, which provides annual investment data for 12 investment assets in … allows allocating investments by asset type to each industry, using an investment flow matrix. The database enables … researchers to analyze structural investment behavior on the industry level and to identify changes in the importance of in-vestment …

view (i.e., including human capital) of investment and saving. We find that the Feldstein-Horioka result is impervious to …

and short-term planning horizon can also lead to such underinvestment. Subsequently, banks can stimulate growth …-enhancing investment in relationship-specific assets by signalling creditworthiness and long-term planning horizon of their borrowers. We … empirically confirm this hypothesis by showing that industries dependent on relationship-specific investment from their suppliers …

This paper develops a two-sector R&D-based growth model with congestion effects from increasing urban population … slowdown in the modern sector. Eventually, economic growth may cease in the long-run. We also show that land dilution from a …

The paper analyses adverse investment, growth and distributional effects of ultra-loose monetary policies based on the … substitute real investment by financial investment. When interest rates are expected to fall in the long term, the marginal and … average efficiency of investments fall along, dampening GDP growth. We further show that the prolonged period of very low …