The paper analyses the degree of output persistence in GDP in order to empirically discriminate between the Solow growth model, the perfect competition endogenous growth model, the imperfect competition endogenous growth model, and the subcase of a multiple equilibria model of endogenous growth...

We develop a model of endogenous growth based on the division of labour in order to discuss policy issues. The engine of growth is the worker's incentive to achieve higher income, thereby inducing an increase in the degree of specialisation. The genuine contribution of this paper is that both...

Ausgehend von den konventionellen Ansätzen der Wachstumstheorie, von keynesianischen Ansätzen (Harrod 1939 und Domar 1946) über die neoklassische Modelle (Solow 1956) bis zur endogenen Wachstumstheorie (Romer 1986 und 1990) fußen wachstumspolitische Vorschläge einerseits auf Formen der...

Economic theory addresses the scarcity of resources, in particular of physical and human capital, as the underlying reason for inertia in the transformation process in Eastern Europe. In contrast to theory, the empirical dynamics of their growth performance suggests that Central European...