This paper uses the standard one-sector neoclassical growth model to investigate why China''s consumption has been low … China is to rebalance growth towards relying more on consumption and less on exports and investment, banking sector reforms …

This paper examines the effects of demographic dynamics on the measured rates of economic growth. First, it develops a … order to reflect the changing age-structure of the population. Fourth, it decomposes the historical measured growth rates … into effects of demographic dynamics and into “real” growth rates, net of demographic effects …

development. It introduces human capital into a classic two-sector model of unbalanced growth. It shows that, as an economy …

This paper proposes a model of endogenous economic growth and distribution explicitly incorporating social extraction … developments in the distribution of national income and wealth and in the growth rate of per capita capacity output. When …

equilibrium model where human capital is the engine of growth and individuals differ in their education abilities. We argue that … receive formal education. This specialization unambiguously increases growth and welfare. The model also shows that in …This paper addresses the growth, welfare, and distributional effects of credit markets. We construct a general …

.6 and 2.1 percentage points in primary and lower secondary education respectively, with girls more severely affected than …

We introduce a new suite of macroeconomic models that extend and complement the Debt, Investment, and Growth (DIG …'s properties by analyzing the growth, debt, and distributional consequences of big-push public investment programs with different … intertemporal trade-off. Because investment in education affects labor productivity with a long lag, it takes 15+ years before net …

Is there a tradeoff between raising growth and reducing inequality and poverty? This paper reviews the theoretical and … empirical literature on the complex links between growth, inequality, and poverty, with causation going in both directions. The … evidence suggests that growth can be effective in reducing poverty, but its impact on inequality is ambiguous and depends on …

This paper surveys the literature on the relationship between international trade and inclusive growth. It examines …