This study first provides an outline of Kaldor's growth model and then tests its relevance to the economic experience … manufacturing is the engine of economic growth, whereas the second proposition, also known as Verdoorn's law, asserts that there is … a strong positive casual relationship between manufacturing productivity growth and output growth, due to static and …

obsolete and make business service outsourcing via cross-border trade more feasible. Although the (service-led) growth … to trade commercial- and specialized business services on long-run growth by applying a dynamic panel data approach to … account for unobserved country specific effects and endogenous growth determinants. The system GMM estimates validate that a …

by political authorities which forces the economy to make a transition to cleaner production processes. We model this … transition as a change in general purpose technology (GPT) and investigate how it interferes with economic growth driven by … qualityimprovements. The model gives an explanation for the inverted U-shaped relationship found in empirical research for many pollutants …

education and R&D, is embodied in a model of a small open economy with growth choices. The structural model is estimated on post …The effect of business tax and regulation on growth, together with potential effects of government spending on … regressions of growth. Statistical rejection can occur at either the structural or the growth regression stage. The models …

We propose a theoretical model/framework for the analysis of the concomitant effects of structural changes in both … production and consumption, on long run economic growth and income distribution. To accomplish with such a broad aim, we develop … an evolutionary model with agentbased microfoundations. At the core of the model we take into account: (i) firmlevel …

capital formation and economic growth. The authors develop a two-sector model with three overlapping generations and … intersectorally mobile labor, in which young adults allocate resources under rational expectations. They calibrate the model to the …

introduced by which society forces the economy to make a transition to cleaner production processes. We model this transition as … a change in "general purpose technology" and investigate how it interferes with economic growth driven by quality …-improvements. The model gives an explanation for the inverted U-shaped pollution-income relation found in empirical research for many …

capacities. We study a non stochastic CRS endogenous growth model where public expenditure is an input in the production process … effective tax rate. We show how persistent differences in growth rates across countries could stem from differential public … welfare and the growth rate. With outstanding public debt, the optimal fiscal policy should keep the debt-to-GDP ratio …

interrelationships between inequality and economic growth. This paper develops a simple model to establish that the change in income … result, the relationship between growth and inequality can take the form of a wave. This simple theoretical model is a …High income growth in many countries in East Asia and the Middle East has been accompanied by increasing income …