In this paper, we test whether the growth experience of a sample of OECD countries over the past three decades is more … consistent with the human-capital augmented Solow model of exogenous growth, or with an endogenous growth model à la Uzawa … implied by these two models to discriminate between them. Using pooled crosscountry time-series data, we specify our growth …

This paper presents empirical estimates of human-capital augmented growth equations for a panel of 21 OECD countries … growth model assumptions with the needs of panel data regressions. Unlike several previous studies, our results point to a … positive and significant impact of human capital accumulation to output per capita growth. The estimated long-run effect on …

economic growth. The theoretical literature has treated these two channels separately, with natural resources affecting growth … that in turn affect growth. Whether natural resources stimulate growth or induce a poverty-trap crucially depends on … inequality and higher cost of political participation, a high-growth and a poverty-trap equilibrium co-exist even with abundant …

This paper studies the e¤ects of distortionary taxes and public in- vestment in an endogenous growth OLG model with … knowledge trans- mission. Fiscal policy a¤ects growth in two respects: .rst, work time reacts to variations of prospective tax … generations, and are not necessarily growth-improving with respect to a pure private system. Non-Ramsey policies that shift the …

This paper studies the effects of distortionary taxes and public investment in an endogenous growth OLG model with … knowledge transmission. Fiscal policy affects growth in two respects: First, work time reacts to variations of prospective tax … generations, and are not necessarily growth-improving with respect to a pure private system. Non-Ramsey policies that shift the …

dynamic general equilibrium model with endogenous economic growth and heterogeneous overlapping generations. We calibrate the … model for the US economy and obtain the following results. First, the effect of a decline in population growth on labor … productivity growth is positive and quantitatively significant. In our benchmark, it is predicted to increase from an average …

-Saharan Africa have enjoyed significantly higher investments and growth rates, primarily fueled by the expanding fiscal space of the … post-HIP C era. Despite these post-HIPC growth rebounds, the region is not likely to meet the Millennium Development Goals … (MDGs). Long-term growth projections from a simple macroeconomic model, which is applied to Ethiopia, suggest that prospects …