Based upon Granger causality and Pesaran-Shin’s generalized impulse-response functions, this paper studies the link between the term structure and economic growth, and the link between the term structure and actual and expected percent changes of the Cons

The environmental Kuznets curve theory suggests that economic growth may reduce environmental problems. In this article, we analyze the changes in environmentally damaging emissions to air in Norway from 1980 to 1996. In order to reveal the factors which decrease the emissions per produced unit,...

Learning-by-doing and government spending are well-known engines of long-term economic growth. These growth engines’ interaction has not been analysed to the best of our knowledge. This paper aims at filling that perceived gap by combining Matsuyama [1992] and Barro’s [1990] approaches....

Enabling educated individuals to work abroad entails a brain drain and results in educated unemployment at home. Because the prospect of migration raises the expected returns to higher education it also facilitates a "brain gain": a eveloping economy ends up with a higher fraction of educated...

Tanulmányomban a gazdasági növekedés három különbözõ modelljét vizsgálom. Mindhárom a magasan aggregált modellek dezaggregálásának irányába mutat, ez az irány azonban az egyes modellek esetében eltérõ. Ennek ellenére mindhárom modellben megjelennek a növekedési...