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. …

assumes climate change has equal impacts on the productivity of firms that produce consumption and investment goods or … services. We show the split between damage to consumption and investment productivity matters for the dynamic consequences of … climate damages. When investment is more vulnerable to climate, we find short-run consumption losses will be smaller than …

theoretical framework for the relationship between structural reforms, economic growth and income inequality. We argue that … and political constraints play crucial roles in determining the effectiveness of reforms on economic growth and income …

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 …

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 …

more favourable loan package; that it is associated with over-investment even when investment does not create collateral … higher growth. Our analysis accommodates costly signaling for gaining credibility and also assigns a novel role to spending …

. Theory translates into an intuitive econometric system that identifies the causal impact of trade on income and growth, and …We build and estimate a structural dynamic general equilibrium model of growth and trade. Trade affects growth through …, growth affects trade, directly through changes in country size and indirectly through altering the incidence of trade costs …

significantly slowed down output growth between 2010 and 2015. A partial-equilibrium aggregation exercise suggests output would be …

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 … allocation depends on the strength of urban congestion effects. -- congestion ; endogenous growth ; Engel's law ; structural …