We set up a unified growth model capturing the transition of a primitive and egalitarian hunter-gatherer society, into … human capital productivity and pushing the economy to sustained growth: an industrial revolution. Allowing also for a …

institutions also influences economic growth and the ability of a country to attract trade and foreign direct investment …

This empirical note uses publicly available Goskomstat data to investigate income growth and convergence across Russian … be converging among themselves, while growth experiences among other regions have been highly heterogeneous. …

agrarian stages. We explain this rise-and- fall pattern of slavery in a growth model with land and labor as inputs in … agents own their labor. In this process, the role of population growth switches from being a force driving the transition …

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

This paper studies whether and how capital investment and economic freedom jointly endogenize economic growth. The … the crucial role of both domestic and foreign capital investment and economic freedom for rapid growth. Countries that … improve economic freedom and that bolster capital investment tend to experience faster growth. The domestic investment rate …

This paper studies the co-movements of unemployment and labor productivity growth for the U.S. economy. Measures of co …

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 …

We examine the impact of incomplete risk-sharing on growth and welfare. The source of market incompleteness in our … reduce the rate of growth relative to the complete risk sharing benchmark. Numerical examples indicate the contracts are … relatively efficient and that the growth effects of private information are small. …