to quantify the extent to which factor accumulation induces structural change and productivity growth in industrializing …Historically, episodes of rapid growth are accompanied by significant structural change. In this paper we therefore aim … economies. To fix ideas we present an extension of Barro, Mankiw and Sala-i-Martin?s (1995) growth model that incorporates two …

We review the growth experience of middle-income countries. Economic factors associated with growth appear to differ … between middle income and other countries. The efficiency of the financial system is importantly related to the growth rate in …

volatility for 30 emerging market economies from 1973 to 2000. We find that reserve holdings and openness to be the most …