This paper offers an alternative way, based on the logistic population growth hypothesis, to yield transitional dynamics in the standard AK model with exogenous savings rate. Within this framework, we show that the dynamics of the capital stock per person and its growth rate can be non-monotonic...

This paper documents that a process of industrial restructuring has been transforming the developed economies, where large corporations are accounting for less economic activity and small firms are accounting for a greatershare of economic activity. Not all countries, however, are experiencing...

Introduction -- An international comparison of the size-structure of manufacturing firms -- Salient features of the growth pattern in India -- The non-household sector in Indian manufacturing -- The impact of the missing middle on the growth rate -- The missing middle in manufacturing -- Causes...