Globalisation is associated with long periods of sustained economic growth and credit expansion, whereas major recessions tend to lead to falling trade and protectionism. The sensitivity of trade to global economic conditions is not simply driven by policy: rather, in a model of costly search,...

Technischer Fortschritt und Humankapital sind die Triebfedern des langfristigen globalen Wachstums. Welche Rolle spielen sie im Rahmen der internationalen Arbeitsteilung? Wie wirkt sich die erwartete demographische Schrumpfung in den Industrieländern auf die Entwicklung des Humankapitals aus?...

This paper provides an overview of both theoretical and empirical literature on the link between public investment (capital) and economic growth (national income). We first survey the channels through which public capital can conceivably affect growth. We then turn to reviewing the existing...

This paper reviews the empirical literature on rates of return on R&D and interprets the economic significance of these estimates using a semi-endogenous growth model with a calibrated knowledge production sector. We analyse how R&D subsidies, a reduction of entry barriers for start-ups and...

The aim of this paper is to contribute to the debate on the pro-poor growth measurement techniques using monetary versus non-monetary indicators. In this context, an alternative method for introducing non-monetary indicators into monetary pro-poor growth analysis is presented. The method is...

In seinem einleitenden Beitrag unterstreicht Ludger Wößmann, ifo Institut und LMU, dass Quellen modernen Wachstums in der Wissensgesellschaft bedeuten vor allem Investitionen in den Wissensbestand der Bevölkerung (Bildung), Generierung und Vermarktung neuen Wissens (Innovation) und...