still treated as exogenous. In practice, however, both the growth of the labour force and the growth of labour productivity …In mainstream growth theory, including endogenous growth theory, the naturalrate of growth as defined by Harrod, is … natural growth rates. It also has serious implications for the way in which the growth process is viewed: whether from the …

still treated as exogenous. In practice, however, both the growth of the labour force and the growth of labour productivity …In mainstream growth theory, including endogenous growth theory, the naturalrate of growth as defined by Harrod, is … natural growth rates. It also has serious implications for the way in which the growth process is viewed: whether from the …

. In this article, as part of the symposium on total factor productivity, Timothy C. Sargent and Edgard R. Rodriquez of … Finance Canada discuss the issue of the choice between labour and total factor productivity. They conclude that both measures … have uses. For periods of less than a decade, labour productivity is the preferred measure, but for longer periods total …

rate of growth of the Total Factor Productivity (TFP)using the Divisia-Tornqvist index and we find that it is independent … its main implication that in the long run growth is only drived by technological progress which is exogenous.We estimate a … evidence against the other basic prediction of the Solow model that the long run growth rate is only determined by …

In this paper we show the benefits of regional connectivity and specialization to growth. Starting with one region we … speed up growth. The results also show a strong positive effect of reductions in the cost of making new connections. This … has a significant impact on both the steady state growth rate and on transitional growth, while significantly reducing the …

This paper examines the relationship between inequality and growth in the Italian regions in the period 1990-2004. Our … personal incomes reduces real growth. Furthermore, a detailed examination of the possible influence mechanisms of inequality on … growth shows that both the credit rationing and the social instability channel are relevant in explaining the empirical …

Periods of economic boom with rapid credit and GDP growth can be followed by sudden busts. In the presence of financial … markets imperfections, a simple modification of a neoclassical growth model can fully account for this behavior. I study a … growth model for a small open economy where decreasing marginal returns to capital appear after the country has reached a …

possibility of decreasing growth rates over time within each country (or geographical unit). We also show how the possible bias in …

analysis deals with different elements of conduct and performance: productivity growth, employment growth, exports growth … appears to be due mainly to a decrease in productivity growth. The regulations and limits upon factor mobility in Tunisia in …, capital intensity growth…The significance of the difference between these conduct and performance indicators across the two …