theory of development consistent with these three facts. I show that even when total factor productivity (TFP) growth and …Does GDP composition affect GDP growth and volatility? Typically, economies at advanced stages of development grow … gross output production in manufacturing implies a larger growth and volatility of TFP at the value added level in …

This paper examines the problem of optimal tax mix analytically in a two-sector growth model with transitional dynamics … income or consumption taxes; and under-investment in human and physical capital under income taxes. Without investment … used either exclusively or more heavily than labor income taxes when their rates are below 100%; and (iii) investment …

suggests that state policy will continue to drive even faster growth over the next decade. Federal policy has also played a … schedule) and a business energy investment tax credit (ITC). Since the signing of the Energy Policy Act of 2005 (EPAct) on …

mortality rate as found in many Third World populations, the net effect of a decline in mortality is to raise the growth rate …This paper examines the impact of declines in adult mortality on growth in an overlapping generations model. With … public education and imperfect annuity markets, a decline in mortality affects growth through three channels. First, it …

the AFFFM are datasets for plantation establishment and maintenance costs, growth rates and potential timber products of a …

's investments drive earnings growth and, hence, market value of equity. Technologies develop and flourish or die out through the … combined investment decisions of those firms doing the inventing, and those firms that adopt those inventions, and thereby help … to spread (or diffuse) the innovations into wider use. Hence, technology is important for the investment decisions of all …

This research investigates the impact of trade openness and foreign direct investment (FDI) on economic growth. Using a … sample of 89 countries is analyzed using data collected from the World Development Indicators (WDI), Penn World Table, Barro … also finds evidence that FDI has significant effects on economic growth. While international trade does not significantly …

outliers and level breaks. Although the emphasis is mostly on parameter estimation, forecast are also considered. Possible …