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The literature on growth theory is rich with models attempting to explain growth differences among countries. Several … variables have been proposed many of which were found to be positively related to growth. However, a major problem with these … models is that the factors explaining growth are endogenously determined by their environment so that a slow-growing or a …
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That historical inequality can affect long run macroeconomic performance has been argued by a large literature on endogenous inequality using models of indivisibilities in occupational choice, in the presence of borrowing constraints. These models are characterized by a continuum of steady...
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Acknowledging the fact that the growth experience of countries is seldom well described by the average growth rate …, this paper aims at identifying countries that are similar in terms of their growth process, thus emphasizing the dynamics … of growth rates. To that end, the growth experience of countries is interpreted as a Markov switching process with …
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economic growth and public education is evaluated: both have a positive, significant, and substantial effect on …
Persistent link: https://www.econbiz.de/10011440819
—together with standard growth models to frame the role of religion in economic growth. Unifying a growing literature, we argue that … religion can enhance or impinge upon economic growth through all four elements because it shapes individual preferences …
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