-run output equation with a coefficient equal to the share of capital (α). The long-run theory is tested using quarterly data on … results support the long-run theory. The existence of long-run relations between real output, foreign output and real oil … steadily over the past three decades, the theory suggests that the effect of oil income on the economy's steady state growth …

the role of the econometric specification. We present a simple theory of the economic and demographic transition where … individuals' education and fertility decisions depend on their life expectancy. The theory predicts that before the demographic …