We present evidence that an increase in investment as a share of GDP predicts a higher growth rate of output per worker … coefficients. They are robust to model specifications and estimation methods. The evidence that investment has a long-run effect on … growth rates is consistent with the main implication of certain endogenous growth models, such as the AK model. …

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 …

in the U.S. private sector affect economic performance - productivity, profitability, investment, and growth. Freeman and … investment and, subsequently, lower employment and productivity growth. There is little evidence that unionization leads to …

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 …

We present a model in which two of the most important features of the long-run growth process are reconciled: the … massive changes in the structure of production and employment; and the Kaldor facts of economic growth. We assume that …

The optimal mix of growth policies is derived within a comprehensive endogenous growth model. The analysis captures …

We study a multi-sector model of growth with differences in TFP growth rates across sectors and derive sufficient … conditions for the coexistence of structural change, characterized by sectoral labor reallocation, and balanced aggregate growth … moves to low-growth sectors. In the limit all employment converges to two sectors, the slowest-growing consumption …