used to re-examine the Benhabib and Spiegel (2005) model of technology diffusion in a horse-race with the competing …, extends beyond the Cobb–Douglas technology, and deals with endogeneity bias. Robust evidence confirms the significance of …

-specific shocks can account for remarkable percentages of fluctuations in consumption growth, GDP growth, investment growth and trade …This paper investigates the role of the RBC (Real Business Cycle) model with investment-specific technology shocks in … explaining business cycle fluctuations in Brazil. I consider the role of transitory and permanent components of neutral and …

circumstances under which international financial integration (IFI) is growth-enhancing. Relying on non-linear dynamic panel … being systematically less restricting for the former and growth effects significantly larger. …

Thirlwall's Law (Thirlwall, 1979) considers that growth can be constrained by the balance-of-payments when the current … account is in permanent deficit. The law focuses on external imbalances as impediments to growth and does not consider the … case where internal imbalances emerging from budget deficits or public debt can also constrain growth. The recent European …

This paper examines and applies the theoretical foundation of the decomposition of economic and productivity growth to … the thirty provinces in China's post-reform economy. The four attributes of economic growth are input growth, adjusted … scale effect, technical progress, and efficiency growth. A stochastic frontier model with a translog production and …

Thirlwall's Law considers that growth can be constrained by the balance-of-payments when the current account is in … permanent deficit. The Law focuses on external imbalances as impediments to growth and does not consider the case where internal … imbalances (budget deficits or public debt) can also constrain growth. The recent European public debt crisis shows that when …