accord well with the existent empirical evidence on the relationships between the level and growth rate of output, corruption …We develop a Ramsey type model of economic growth in which the “Engine of Growth” is public capital accumulation … to fund public capital accumulation or consume the resourses itself; that is engage in corruption. There is an …

its main implication that in the long run growth is only drived by technological progress which is exogenous.We estimate a … evidence against the other basic prediction of the Solow model that the long run growth rate is only determined by … technological progress that is exogenous.The prin- cipal reason is the observed strong correlation between the growth rates of the …

productivity of the poor. How should these policies be sequenced and implemented to spur growth? Would a large, front …-loaded increase in public infrastructure investment yield the desired growth-promoting effect? Taking a rigorous look at this kind of … growth and human welfare, and develops a series of formal models for understanding how these channels operate. Bringing …

The purpose of this paper is to study the dynamics of growth and convergence in Spain for the period 1965-1995. We … counterfactual densities, we show that private capital accumulation and education at graduate level have an effect on the growth … estimates are controlled for all the other growth determinants. …

This paper studies the growth effects of productive public expenditures on education and public capital in an … endogenous growth model of overlapping generations. The model is calibrated to Latin American data, and the effects of raising … have moderate, positive effects on per capita growth and income under different scenarios. In addition, re …

potential to misrepresent the historic growth profile of the public capital input and the productivity of government purchases … in general. As a test of this hypothesis, the identifying assumption of a standard stochastic growth model is combined … source of declines in U.S. productivity growth. …

tested relating the relevant variables to the rate of GDP growth (including labor productivity growth). The results suggest … that the growth in public and private investment spending has had a positive effect on the rate of productivity growth in …

productivity of the poor. How should these policies be sequenced and implemented to spur growth? Would a large, front …-loaded increase in public infrastructure investment yield the desired growth-promoting effect? Taking a rigorous look at this kind of … growth and human welfare, and develops a series of formal models for understanding how these channels operate. Bringing …

We develop a model in which public capital is both an engine of growth and a determinant of the distributions of wealth … generates a positive correlation between growth and income inequality along the transition path, but their short-run and long …

This paper examines the factors responsible for generating the services led growth witnessed in the Indian economy … during 1980–2005. A sectoral growth accounting exercise shows that total factor productivity (TFP) growth was the fastest for … services; moreover this TFP increase was significant in accounting for service sector value added growth. A growth model with …