The main purpose of this paper is to analyze the causal relationships between defence spending and economic growth …-2006. NATO countries spend biggest proportion of defence spending in the world. Granger causality test on defence-growth issue … relationship between defence spending and growth. The results show that unidirectional causality exists in seven NATO countries …

We present evidence that an increase in investment as a share of GDP predicts a higher growth rate of output per worker … coefficients. They are robust to model specifications and estimation methods. The evidence that investment has a long-run effect on … growth rates is consistent with the main implication of certain endogenous growth models, such as the AK model. …

role of rising rates of investment. Because labor reallocation across sectors, TFP growth at the sector level and … investment are all inter-related, simple growth decompositions that are often used in the literature are not appropriate for … the same growth performance without any increase in the rate of aggregate investment. This has important implications for …

This paper analyses the growth effects of capital formation, exports and FDI as major drivers of economic development … different growth effects in various Eastern European countries. Generally, strong reliance on exports goes along with higher GDP …, and FDI bears substantial potential for fostering economic growth. It is shown that the recent worldwide recession clearly …

research on the relationship between defense spending and economic growth. In this respect, Dunne, Smith and Willenbockel (2005 …. First, we develop the true growth-defense model, based on Dunne, Smith and Willenbockel (2005). Second, we overcome the … general weakness of constant and identical technological progress assumption in empirical growth studies by employing …

stagnation of investment, especially private fixed investment, was the primary culprit. I then investigate the causes of the …

in the U.S. private sector affect economic performance - productivity, profitability, investment, and growth. Freeman and … investment and, subsequently, lower employment and productivity growth. There is little evidence that unionization leads to …

This paper proposes a growth-oriented dual-income tax by combining an allowance for corporate equity with a broadly … demonstrates the neutrality properties of the reform with respect to investment, firm financial decisions and organizational choice …. Tax rates are chosen to prevent income shifting from labor to capital income. The reform decisively strengthens investment …

more favourable loan package; that it is associated with over-investment even when investment does not create collateral … higher growth. Our analysis accommodates costly signalling for gaining credibility and also assigns a novel role to spending …

Output growth, investment and the real interest rate are all found empirically to be negatively affected by inflation … occurrence of all three negative inflation effects, on growth, investment and real interest rates, in a model calibrated to … postwar US data. Here, investment along with consumption are exchanged for within a monetary endogenous growth economy with …