We develop an endogenous growth model with three goods, exportable, importable and non-tradable. We study the response … of the real exchange rate and of the economy growth rate to a decrease in the tariff rate. We show that trade … liberalization must be followed by a depreciation of the real exchange rate. We deduce that the growth rate of the economy increases …

This paper quantifies the welfare cost of consumption externalities in an endogenous growth model with habit formation … the efficient growth path is found to be very small. This result is extremely robust to variations in the parameter values … ; habit formation ; endogenous growth …

. It is also demonstrated that per capita consumption may not necessarily be a decreasing function of a growth rate. This …

economic growth model that is capable of generating stable equilibria, cycles, or chaos. This paper confirms stable economic … growth in China in the period 1980 - 2012 (www.imf.org). A key hypothesis of this work is based on the idea that the …, where, , s - private saving rate , p m - marginal labour productivity coefficient, b - average budget deficit coefficient, k …

exhibited a tendency to converge in terms of agricultural labour productivity. The approach used in this paper is mainly …

health) and output in a co-integration framework, taking growth of primary gross enrolment rate and a dummy for structural … years) and openness is found to have a significant effect on growth of per capita GNP. The Generalized Impulse Response … Function confirms that the innovation in per capita GNP growth can only explain the movements of the growth of per capita GNP …

This study examines the relationship between economic growth as measured by GDP per capita and foreign direct … is a unidirectional Granger causation from foreign direct investment to economic growth. -- Granger causality ; vector … auto regression ; economic growth …

Despite having accumulated physical and human capital at significant rates, Latin America's growth has been generally … disappointing. Successful growth episodes have been accompanied by surges in TFP, sound and stable macroeconomic policies, and fewer … growth performance of countries in Latin America. We find that, once controlled for external shocks and a measure of …

productivity constructed from micro data to find that in the aftermath of the reforms, efficiency gains were explained by within … partially accounted for the improvement in manufacturing performance. -- plant dynamics ; productivity ; manufacturing ; Chile …