role of rising rates of investment. Because labor reallocation across sectors, TFP growth at the sector level and … investment are all inter-related, simple growth decompositions that are often used in the literature are not appropriate for … the same growth performance without any increase in the rate of aggregate investment. This has important implications for …

documented by Monte Carlo experiments. An empirical application to modelling of real GDP growth and investment-output ratios … dominant effects are found. The results also suggest that increase in investment as a share of GDP predict higher growth rate … that this will lead to a dynamic factor model with the dominant unit acting as the factor. The problems of estimation and …

This paper evaluates the success of Inflation Targeting on inflation and growth on a large panel data set of both … authors have used different estimation methods on different samples of data. Some of the differences in results may also be … due to the different time periods (or different frequencies of data) used in the estimation. In this paper, we provide …

larger than the ethnic wage discrimination. In the second estimation stage, these wage discrimination estimates are used in a … general-to-specific vector autoregression framework to test for the Granger causality between discrimination and growth. A … reduces economic growth, and economic growth lowers discrimination. Also, we find that higher unemployment rates are …

Does a country's level of unemployment have an impact on the long-run growth rate? Incorporating unemployment into a … generalised augmented Solow-type growth model, yields some answers to this question. In particular, we show that the impact of … unemployment on productivity growth heavily depends on the influence of human capital in the production function. In the …

We examine the (potentially nonlinear) relationship between inequality and growth using a method which does not require …

We examine the relationship between wealth and health through prominent growth indicators and cognitive ability … relationship. The growth indicators utilized are GDP per capita, schooling, overall and manufacturing productivities, and savings …. We estimate our models using the FE, GMM estimators, and long difference OLS and IV estimation through balanced panel …