This paper develops a method for interpreting growth accounting studies in terms of the neoclassical growth model. In particular it shows that the growth accounting contribution of capital reflects the distance of the economy from its steady state income level. The method is applied to studies...

We expand the standard balance-of-payments-constrained (BOPC) growth rate model in three directions. First, we take into account the separate contributions of exports in goods, exports in services, overseas remittances, and foreign direct investment (FDI) inflows. Second, we use state-space...

Zu Beginn dieses Jahres häuften sich die schlechten Nachrichten über die Konjunkturentwicklung Chinas. Welche Auswirkungen sind für Deutschland und Europa zu erwarten? Antonia Reinecke und Hans-Jörg Schmerer, FernUniversität Hagen, sehen eine Abkehr von der etablierten Wachstumsstrategie...

The relation between infrastructure and economic growth has been largely investigated in the literature, but the empirical evidence found has proven to be controversial. This paper aims to empirically analyze the impact of infrastructure stocks on economic growth. In spite of there being...

This paper lays out a replication plan for the influential paper by Klump et al. (Factor Substitution and Factor-augmenting Technical Progress in the United States: a Normalized Supply-side System Approach 2007) on using a normalized CES supply-side system approach to estimate the value of the...

In this paper, we study convergence in per capita gross regional products across Russian regions in the period from 1996 to 2017. To this purpose, we estimate growth equations, which are directly derived from a neoclassical growth model, augmented with human capital and migration. To our...

The article refers to the new Synthetic Efficiency Indicator for Economic Growth (SEI-EG) proposed in an earlier publication. Research from 2016-2018 in 11 EU countries revealed small nations were notably more effective at sustainable growth than their larger counterparts. This prompted the...

This paper examines the sources of economic growth in Algeria, studying the key drivers of their slow and weak economic performance, during the period of 1979-2019 from the perspective of the augmented growth accounting framework and the growth regression method. More specifically, the paper...

The purpose of this article is to demonstrate that it is necessary to model the connections of the Romanian economy for growth with the help of Artificial Intelligence (AI). That is why it is useful to align with the trends in the EU economy and on a global level to use innovative technologies,...

Economic growth, inflation, and interest rates have declined in Asia, just as they have in the United States and Europe. Sustaining Economic Growth in Asia explores the relevance to several Asian economies of the diagnosis known as “secular stagnation.” Leading experts on the region discuss...