banks and industrial enterprises potentially leads to increased productivity and increased capital accumulation, raising …

the predictions of the neoclassical growth model. Endogenous growth models, which suggest a larger contribution of capital …

and investment high. It finds that the low cost of capital has been quantitatively an important factor. Theory predicts … that the price of capital may have been significantly distorted in the 1990s and 2000s. The distortion could have been …

This paper examines the dynamic relationship between trade and income. While most economists agree that increased trade … leads to an increase in average income, economic theory is ambiguous about the possible effects on the long-run growth rate … of the economy. Using a dynamic panel data model, the hypotheses of no long-run effects of trade on income and on income …

of capital accumulation and some natural constraints on labor, the strong growth momentum is unlikely to be sustainable …

least for the overall capital, the shares of capital intensive industries were significantly bigger with higher initial … capital endowment and faster capital accumulation. Moreover, there is a positive relationship between a country's aggregate … capital explains about 30% of the growth differential among sample countries. …