framework of the analysis is given by the Aghion-Howitt model which explains the rate of MFP growth by the distance to the world … Productivity (MFP) growth and three frequently cited determinants: business R&D, labour skills and ICT use. The theoretical …

much better than the Barro and Lee (1996) or Nehru et al. (1995) series in a number of growth specifications. We interpret … the (lack of) relationship between educational investment and growth. Using our preferred empirical specification, we also …

We provide robust and compelling evidence of the marked impact of tertiary education on the economic growth of less … developed countries and of its the relatively smaller impact on the growth of developed ones. Our results argue in favor of the …-section analyses) and the two-step efficient dynamics system GMM. …

institutions, natural resource rents cease to have a negative impact on long-term growth. Institutions in resource-based economies … foster economic growth when voice and accountability are in place; broad-based rule of law is enforced with secure property …

retard economic growth, even to the point of leading to an economic collapse. Premature adult mortality may exacerbate …

This paper proposes a theory for the gradual evolution of knowledge diffusion and growth over the very long run. A … and an epoch of high growth linked by a gradual economic take-off. It is shown how the feedback mechanism can explain the … fully developed countries. An extension towards a two-region world economy shows robustness of the gradual take-off and …

Although ideas production plays a critical role for growth, there has been only a modicum of research on the role … played by financial forces in fostering new inventions. Drawing on Schumpeterian growth theory, this paper tests the roles of … framework, on the other hand, curbs innovative production. Schumpeterian growth ; financial development ; venture capital …

This paper proposes a theory for the gradual evolution of knowledge diffusion and growth over the very long run. A … and an epoch of high growth linked by a gradual economic take-off. It is shown how the feedback mechanism can explain the … fully developed countries. An extension towards a two-region world economy shows robustness of the gradual take-off and …

This paper proposes a theory for the evolution of knowledge diffusion and growth over the very long run. A feedback … mechanism between capital accumulation and knowledge spillovers creates a unified growth theory that explains a long epoch of … (quasi-) stasis and an epoch of high growth linked by gradual economic take-off. It is shown how the feedback mechanism can …

I study the effects of uncertainty on technology adoption and thereby on volatility and growth. I present an … and volatility of output growth are jointly determined in equilibrium. I then test the key predictions of the model by … phones. I find that countries with more volatile growth rates of real GDP per capita have higher time adoption lags and lower …