There has been a revival of interest in the effect of risk on economic growth. We quantify both ex ante and ex post … remarkable long-running panel data set for rural households in Zimbabwe. We find that risk substantially reduces growth: in the …, the first micro-based estimate of the effect of shocks on growth. About two-thirds of the impact of risk is due to the ex …

The transition from stagnation to growth and the associated phenomenon of the great divergence have been the subject of … an intensive research in the growth literature in recent years. The discrepancy between the predictions of exogenous and … endogenous growth models and the process of development over most of human history, induced growth theorists to advance an …

Economic growth depends not only on how people make decisions but also upon how their decisions are coordinated … literature on economic growth, and also with reference to an older literature on the stability of full-employment equilibrium …. Agent-based computational methods are ideally suited for studying the aspects of growth most affected by coordination issues. …

Inside Debt and Economic Growth: A Cambridge - Kaleckian Analysis Abstract Inside debt is a fundamental feature of … capitalist economies. This paper examines the growth effects of consumer and corporate debt using a Cambridge - Kaleckian growth … framework. According to the Cambridge - Kaleckian model inside debt has an ambiguous effect on growth. This is counter to the …

Growth Theory explores the evolution of societies over the entire course of human history. It uncovers the universal wheels … of change that have governed the journey of humanity, driven the growth process, and shaped inequality across the globe …. The theory sheds light on two of the most fundamental mysteries surrounding this journey: (i) The Mystery of Growth …

We investigate the growth-finance nexus in an endogenous growth model with search frictions and congestion effects in … and growth. Financial development eases the financing of innovation but can exacerbate bottlenecks in R&D. In a … calibration close to the U.S. economy, finance has a negative impact on growth. This effect is quantitatively small- consistent …

role to play, if at all, but the interaction between distribution and growth is at the centre of Marxian and post …-Keynesian/Kaleckian approaches when it comes to explaining medium- to long-run trends of economic growth - and stagnation. In this contribution we … will thus provide Marxian and Kaleckian assessments of the distribution and growth regimes under finance …

We introduce a gender wage gap into basic one-good textbook versions of the neo-Kaleckian distribution and growth model … and productivity growth. For the closed economy model, reducing the gender wage gap has no effect on the profit share, and … growth we find an unambiguously expansionary effect of narrowing the gender wage gap on long-run equilibrium capital …

Human capital as a critical engine of economic growth is present in many empirical and theoretical body of knowledge on … growth models and theory. However, the conclusion on its importance as a driver of economic growth remains inconclusive. The … human capital in the economic growth phenomena. Measuring human capital remains the main obstacle to assessing the …