-sector extension of the one-sector growth model that encompasses the main existing theories of structural transformation. We argue that …

capital accumulation and TFP growth reflect convergence along two margins. One margin (between industry) is a massive …

Following on Keynes's Economic Possibilities for Our Grandchildren, this paper develops conjectures about the world we …

growth reducing in both Africa and Latin America, with the most striking changes taking place in Latin America. The bulk of … to which) structural change contributes to overall productivity growth. In countries with a relatively large share of … natural resources in exports, structural change has typically been growth reducing. Even though these "enclave" sectors …

-known regularities in all of growth and development economics. Yet there is less than complete agreement on the nature of that … association. Here we identify two waves of service sector growth, a first wave in countries with relatively low levels of per …

This paper revisits the association between investment and growth. The empirical findings highlight substantial … heterogeneity for the effect of investment on growth and suggest a possible negative association. Results based on a battery of … cross-sectional and time-series regressions show that the link between investment and growth has weakened over time and that …

and investment. However, for growth, higher inequality tends to retard growth in poor countries and encourage growth in …Evidence from a broad panel of countries shows little overall relation between income inequality and rates of growth …

. Since investment is a primary engine of growth, this paper identifies a channel for an inverse relationship between income … politico-economic environment, reduces investment. As a consequence, income inequality and investment are inversely related … inequality and growth. We measure socio-political instability with indices which capture the occurrence of more or less violent …

investment has a strong association with growth: over l9&)?l95 each percent of GDP invested in equipment is associated with an … higher equipment investment drives faster growth, and that the social return to equipment investment in well functioning …Using data from the United Nations Comparison Project and the Penn World Table, we find that machinery and equipment …

aggregate share of R&D-oriented capital forecasts lower medium-term growth. In a multi-sector production economy in which (i …) growth is endogenously supported by risky R&D investments, and (ii) the representative agent is volatility-risk averse and … has access to other safer technologies that do not support growth, uncertainty shocks have a first-order negative impact …