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This paper examines the sources of economic growth in Australia from 1960 to 2000 by adapting and modifying a framework developed in Jones (2002), whereby long-run growth is driven by the global discovery of new ideas, which in turn is tied to world population growth. We find that, contrary to...
Persistent link: https://www.econbiz.de/10005458658
This paper proposes three theoretical growth models incorporating social capital, based on varied expositions on the concept of social capital and the empirical evidence gathered to date. In these models, social capital impacts growth by assisting in the accumulation of human capital, by...
Persistent link: https://www.econbiz.de/10005578965