This paper describes a simple model of technology adoption which combines the two engines of growth emphasized in the … recent growth literature: human capital accumulation and technological progress. Our model economy does not create new … various standard results on the effects of economic policy on the rate of growth. …

do not support the view that poverty traps of zero growth or takeoffs are a widespread occurrence among low … growth and poverty reduction will require changes from the bottom up rather than a big push from development planners at the … poverty traps, a notion that was widely current in the 1950s. This idea, most actively promoted by economist Jeffrey Sachs …

tends to increase poverty. This paper - a joint product of Macroeconomics and Growth, Development Research Group, and the … International Monetary Fund - is part of a larger effort to study the effects of macroeconomic policies on growth and poverty … percentage decline in poverty, and the percentage change in the real minimum wage - are negatively correlated with inflation in …

income, the percentage decline in poverty, and the percentage change in the real minimum wage - are negatively correlated … minimum wage - and tends to increase poverty …

of growth. We employ historical data, recent cross-section data, and newly constructed public investment series. Our main … consistently correlated with growth while the effects of taxation are difficult to isolate empirically. …

The new growth literature, using both endogenous growth and neoclassical models, has generated strong claims for the … effect of national policies on economic growth. Empirical work on policies and growth has tended to confirm these claims … inconsistent with several stylized facts and seem to depend on extreme observations in growth regressions. More modest effects of …

We present evidence that measures of “social cohesion,” such as income inequality and ethnic fractionalization …, endogenously determine institutional quality, which in turn casually determines growth. …

growth on poverty reduction. Growth does reduce poverty, but I find no evidence for a direct effect of structural adjustment … inequality in lowering the stake of the poor in aggregate growth. Why would this be? One hypothesis that adjustment lending is … on growth. Instead, the poor benefit less from output expansion in countries with many adjustment loans than in countries …

scarce. Poverty traps in the sense of zero growth for low income countries are rejected by the data in most time periods …The classic narrative of economic development -- poor countries are caught in poverty traps, out of which they need a …. There is evidence of divergence between rich and poor nations in the long run, but this does not imply zero growth for the …