Theoretical models of growth reveal that either exogenous or endogenous, technology is the main driving force behind … the long-run economic growth. Furthermore, in the endogenous growth framework, diffusion of technology is the basic … to the effect of FDI on growth is ambiguous. By applying the approach of Ben-David (1996), which focuses on convergence …

Faktorausstattung zweier Länder basiert. Das zweite Kapitel liefert eine Theorie zu Offshoring unter Imitationsrisiko. Diese Theorie …

physical capital to study the interaction of international capital flows and growth. Analytically, we study conditions under … long-term growth via the accumulation of human capital. Our mechanism shows how a small initial difference in the level of …

country size; that income growth will be a U-shaped function of initial income thus creating differentiated convergence; and …

Is growth in capitalist economies wage-led or profit-led? Empirical studies have found conflicting results for …

This paper presents a stock-flow-consistent model in which growth is led by exports and government expenditure. It … an external shock led by a hike in US Fed foreign interest rates may impact growth and income distribution in a … average growth rates by providing liquidity in foreign currency. …

distribution, growth and international specialization. The model is explored both for the steady-state properties and the … transitory dynamics of integrated economies. Income inequality affects the patterns of growth and international specialization as …

group of countries to experience a higher growth rate of labor productivity than the latter, and, as a result, increases the …