utilization. First, it explains why utilization is a crucial variable for the various theories of growth and distribution … growth rate of demand that matters, not the level of demand. …

utilization. First, it explains why utilization is a crucial variable for the various theories of growth and distribution … growth rate of demand that matters, not the level of demand.The paper makes three contributions. First, following up on …

financial development with economic growth. A recent theoretical literature offers a way of reconciling these two sets of …

there is a relation in terms of both industry growth rates and shares of output devoted to R&D. Investment in R&D rather … countries' stages of economic development. For example, bank oriented systems are associated with higher growth of externally …

China has achieved impressive growth over the last three decades. However, there has been debate over the sources of … the growth, and the role of the intensive versus extensive margin. Growth accounting exercises at the aggregate level …, there have been doubts about the contribution of TFP improvements to growth. For the period between 1978 and 1998, Young …

The growth prospects of a nation are stymied by the burden of government debt. This study has two goals: first, it … tests whether public debt hinders growth; and, second, it explores whether economic policy ameliorates this effect. A large … panel data of countries for 1970-2010 reveal a negative and robust effect of public debt on growth. Strong institutions …