A model of cumulative causation is extended to incorporate endogenous structural change. This is achieved via the use of a non-linear feedback of the growth rate on to the income elasticity of demand for exports. The result is a model that, under certain conditions, exhibits chaotic switches...

It is known from Grout (1984) that if the investment decision by the firm precedes the wage bargain, it will be unable implicitly to share the cost of capital with its workforce through negotiating a lower wage, and that this leads to under-investment. However, in a model, where there is...

There is significant academic evidence that growth in one country tends to have a positive impact on growth in neighboring countries. This paper contributes to this literature by assessing whether growth spillovers tend to vary significantly across world regions and by investigating the...

Findings of conditional convergence are usually interpreted within a neoclassical growth framework. This follows from the methodology of testing for conditional convergence, whereby the estimating equation is explicitly derived from a neoclassical growth model. Given this explicit derivation,...

Roberts M. (2004) The growth performances of the GB counties: some new empirical evidence for 1977-1993, Reg. Studies 38, 149-165. This paper presents an empirical analysis of the growth performances of the GB counties between the late 1970s and early 1990s. Most notable amongst the findings is...

Long-run economic growth is analysed in a global model with many small countries prone to national level total factor productivity shocks. The possibility of precautionary saving or dissaving is a function of the higher-order moments and the cross-moments of the factor income distributions,...

Abstract Verdoorn's law is estimated in a spatial econometric framework for individual manufacturing industries using EU regional data. Estimates of encompassing returns to scale are large, but other explanatory variables, including measures of industrial specialization and diversity, tend to be...

Recent theoretical advances have emphasised the importance of localised increasing returns to scale in understanding both the regional growth and agglomeration processes. However, considerable empirical controversy still exists over whether returns to scale are constant or increasing....

Using data envelopment analysis, we calculate indices of total factor productivity (TFP), efficiency and technological change for the manufacturing sectors of 68 European NUTS1 regions over the period 1986-2002. We subsequently examine these indices using exploratory spatial data analysis (ESDA)...