We assess the long-run growth effects of rising longevity and increasing the retirement age when growth is driven by … purposeful research and development. In contrast to economies in which growth depends on learning-by-doing spillovers, raising … the retirement age fosters economic growth. How economic growth changes in response to rising life expectancy depends on …

Schumpeterian development is characterised by the simultaneous interplay of growth and qualitative transformations of … productivity growth, dynamic panel estimations are applied to a standard growth model modified to include specific structural … results give empirical substance to the evolutionary emphasis on Schumpeterian development as opposed to mere aggregate growth. …

Variation in factor shares, extensively documented in recent years, implies that standard growth accounting exercises … the contribution of factors to economic growth. Second, the effect that changes in factor shares have on output depends on …. We perform a growth accounting exercise that incorporates factor share variation and solves the measurement issue …

We assess the long-run growth effects of rising longevity and increasing the retirement age when growth is driven by … purposeful research and development. In contrast to economies in which growth depends on learning-by-doing spillovers, raising … the retirement age fosters economic growth. How economic growth changes in response to rising life expectancy depends on …

a relatively robust growth of high-skill-specific productivity. Their GDP growth failed to reflect that because they …

volatility and growth. We first develop a simple growth model where firms engage in two types of investment: a short-term one and … amplifying volatility. Tighter credit therefore leads to both higher aggregate volatility and lower mean growth for a given total … financial development predicts a higher sensitivity of both the composition of investment and mean growth to exogenous shocks …

This paper examines the effect of agricultural development on a country's overall development and growth experience. In …

cross-sectional behavior of the world economy is similar to that of existing exogenous growth models: Cross … their terms of trade. Our estimates imply that, all else equal, a 1 percentage point faster growth is associated with …

and economic growth. It examines a sequence of theoretical models that share a common description of technology and … explanations of income differences and long-run trends in economic growth. …

This paper develops a model of unified growth based on a positive feed back between growth and longevity. The model …. It also gives a mechanism for conditional convergence, growth miracles, and leapfrogging. Development begins with slow … growth but accelerates when longevity increase. When longevity reaches the threshold where schooling is adopted, growth jumps …