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This paper provides a survey and synthesis of econometric tools that have been employed to study economic growth. While these tools range across a variety of statistical methods, they are united in the common goals of first, identifying interesting contemporaneous patterns in growth data and...
Persistent link: https://www.econbiz.de/10014023779
This paper examines the relationship between inequality and growth in the neo-Kaleckian and Cambridge growth models. The paper explores the channels whereby functional and personal income distribution impact growth. The growth - inequality relationship can be negative or positive, depending on...
Persistent link: https://www.econbiz.de/10011477419
This essay develops a theory of the evolution of international income levels. In particular, it augments the Hansen-Prescott theory of economic development with the Parente-Prescott theory of relative efficiencies and shows that the unified theory accounts for the evolution of international...
Persistent link: https://www.econbiz.de/10012770826
I comment on the controversy around Garrison's secular growth, with special emphasis in Murphy's contribution in this issue. I also argue that further research on this area should focus in formally connecting Garrison's model with neoclassical growth theory
Persistent link: https://www.econbiz.de/10012853340
We present a class of convex endogenous growth models and analyze their performance in terms of both growth and business cycle criteria. The models we study have close analogs in the real business cycle literature. We interpret the exogenous growth rate of productivity as an endogenous growth...
Persistent link: https://www.econbiz.de/10014215796
This chapter develops a theory of the evolution of international income levels. In particular, it augments the Hansen–Prescott theory of economic development with the Parente–Prescott theory of relative efficiencies and shows that the unified theory accounts for the evolution of...
Persistent link: https://www.econbiz.de/10014023766
Persistent link: https://www.econbiz.de/10010229446
Persistent link: https://www.econbiz.de/10011311268
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