The authors examine a two-good, small, open economy characterized by sluggish real wage rate adjustment. This causes short-run unemployment or excess-demand on the labor market, which in turn affects the speed of capital accumulation. Global stability is ensured under certain conditions,...

The authors attempt to analyze the linkages between macroeconomic policies and economic growth variables, their movement over time, and their impact on poverty in the case of Poland. Poland, a middle-income country, is of particular interest because its data sources allow for a relatively...

Since 1984, the Unified Survey has been the World Bank's principle mechanism for gathering quantitative macroeconomic information from country teams on Bank member countries. After gathering annual data those teams also do most-likely-scenario projections. The author examines the numerical...

Three factors of economic growth, i.e., physical capital accumulation, schooling, and learning by doing, are investigated. The special relationship between the first factor and the other two is modeled through adjustment costs in production experience accumulation whenever the production...