The temporal interdependence between saving and output has been in focus in a number of recent empirical studies …. Results from these studies have compelled some authors to question the traditional notion of a causal chain where saving leads … growth through capital accumulation. This paper contributes to this literature. As opposed to the previous studies, which …

more favourable loan package; that it is associated with over-investment even when investment does not create collateral … higher growth. Our analysis accommodates costly signalling for gaining credibility and also assigns a novel role to spending …

maintaining moderate inflation, the rate of investment; aggressive effort at domestic resource mobilisation; and structural change …

This paper explores the implications of Unified Growth Theory for the origins of existing differences in income per … factors that have governed the pace of the transition from stagnation to growth and have thus contributed to contemporary … variation in economic development. It uncovers the forces that have sparked the emergence of multiple growth regimes and …

the labor force. Using Solow growth and endogenous growth models, we show that the labor market alone need not contain all … equilibrium process as well. By implication, policies that raise the growth path of capital or increase the effective working …

appears unaffected: investment rates are flat, and productivity has slowed down. We investigate whether measurement issues … as intermediate consumption. Thus they do not count as either GDP or investment. We ask how treating such spending as … investment affects some key macro variables, namely, market sector gross value added (MGVA), business investment, capital and …

of cognitive ability. The growth indicators utilized are GDP per capita, schooling, overall and manufacturing …We examine the relationship between wealth and health through prominent growth indicators and cognitive ability … productivities, and savings. We estimate our models using the FE, GMM estimators, and long difference OLS and IV estimation through …

The sources of economic growth and development have been puzzling economists from the modern dawn of the profession …. While the Solow-Swan neo-classical model dominated research on growth in the 1960s and 1970s, the 1980s saw the emergence of … growth theories that disputed, largely on theoretical grounds, the Solow-Swan assumptions and conclusions. In this paper, we …

We argue that the U.S. personal saving rate's long stability (1960s-1980s), subsequent steady decline (1980s-2007), and … presence of labor income uncertainty and credit constraints. Saving in the model is affected by the gap between 'target' and … suggests that increased credit availability accounts for most of the long-term saving decline, while fluctuations in wealth and …