While South Africa’s growth performance has improved somewhat in recent years, it has generally been poor over the past few decades. This article uses Chenery’s factor decomposition method to analyse the sources of growth in South Africa from 1970 to 2007. Using input-output data,...

The main purpose of this study is to determine what are the main factors which stand behind the diversity in performance of business services measured by their contribution to growth in the EU Member States. We show that in addition to typical growth factors which enhance labour productivity,...

The main purpose of this study is to determine what are the main factors which stand behind the diversity in performance of business services measured by their contribution to growth in the EU Member States. We show that in addition to typical growth factors which enhance labour productivity,...

The nation’s economic strategy has been the formation of trade blocks under the theory of comparative advantage. However, empirical evidence shows that the multipliers of trade on economic structure not all countries are as predicted by theory. This paper analyzes Feedback and Spillover...

The main purpose of this study is to determine what are the main factors which stand behind the diversity in performance of business services measured by their contribution to growth in the EU Member States. We show that in addition to typical growth factors which enhance labor productivity,...

The idea of North American integration fades in the political spheres; the main actor has considered that Mexico's trade surplus with him translates into loss of welfare and employment for its economy; from this point of view, the continuity of the free trade agreement seems unnecessary. This...

The idea of North American integration fades in the political spheres; the main actor has considered that Mexico's trade surplus with him translates into loss of welfare and employment for its economy; from this point of view, the continuity of the free trade agreement seems unnecessary. This...

Standard postulates concerning the aggregate production function are about marginal productivities - and the associated demand of labor and capital – which are to be negatively related to factor prices, namely the wage rate and the profit rate. The theoretical cases in which these neoclassical...

In examining some big questions on African development, we provide evidence that dynamics of some development indicators could support both endogenous and neoclassical growth theories in the convergence debate. This paper investigates convergence in real per capita GDP and inequality adjusted...

We study the effect of a declining labor force on the incentives to engage in labor-saving technical change and ask how this effect is influenced by institutional characteristics of the pension scheme. When labor is scarcer it becomes more expensive and innovation investments that increase labor...