In this paper, we study some of the properties of a discrete-time version of the two-class model of growth and …

divergence and lower long-run growth, whereas we find absolute convergence in expansions. The output costs of political and … financial crises are permanent on average and long-term growth is negatively linked to volatility. These results also imply that … panel data studies can help identify the sources of growth and that economic models should be capable of explaining growth …

growth, focusing on the e ects of declining mortality. Unlike the existing literature, this paper stresses the role of …

We calibrate an infinite-horizon model with endogenous growth and unemployment on actual data from the largest … lump-sum transfers, reducing labor taxes and unemployment subsidies is beneficial to both employment and growth, while …

The paper develops a Romer-type growth model with a research sector, a manufacturing sector, and a financial sector and … shows that inflation has an adverse effect on economic growth. Higher inflation increases the incentives for agents to use … sector and shifts resources out of other sectors of the economy including research, the engine of growth, into the financial …

profits. Balanced growth paths, transitional dynamics and welfare costs are computed. Our results indicate that the 2000 …

's education and making monetary transfers (or bequests). I show that increases in the growth rate of skill biased technological …

The effect of human capital on growth and development has been somewhat neglected in economic literature. However …, evidence has suggested the importance of engineering and technical skills to economic growth. Simultaneously, European … standard increasing-variety endogenous growth model, we propose various measures of this composition, namely the ratio of high …

Growth regressions have provided important insights into the impact of economic reforms on growth in transition … such as the importance of sequencing and reform speed. The results indicate a broad-based reform policy is good for growth … restructuring affect growth negatively. Swift reform policies allow transition countries to benefit from higher growth for a longer …