This paper highlights a problem in using the first-difference GMM panel data estimator cross-country growth regressions … of an empirical growth model. …

In this paper we highlight the importance of the operational costs in explaining economic growth and analyze how the … industrial structure affects the growth rate of the economy. If there is monopolistic competition only in an intermediate goods … sector, then production growth coincides with consumption growth. Moreover, the pattern of growth depends on the particular …

-country growth regressions. When the time series are persistent, the first-differenced GMM estimator can be poorly behaved, since …-differenced GMM in our estimation of an empirical growth model. …

possibility of decreasing growth rates over time within each country (or geographical unit). We also show how the possible bias in …

This paper offers a reappraisal of the impact of migration on economic growth for 22 OECD countries between 1986 … capital on economic growth. And second, the contribution of immigrants to human capital accumulation tends to dominate the …

capital on GDP per capita, and second, a permanent increase in migration ows has a positive effect on productivity growth …This paper offers a reappraisal of the impact of migration on economic growth for 22 OECD countries between 1986 …. However, the growth impact of immigration is small even in countries that have highly selective migration policies. …

pollution intensity. Countries' growth rates are determined endogenously, and abatement efficiency is improved by technical …

This paper constructs a two-country stochastic growth model in which neutral and investment-specific technology shocks …

This paper examines the relationship between inequality and growth in the Italian regions in the period 1990-2004. Our … personal incomes reduces real growth. Furthermore, a detailed examination of the possible influence mechanisms of inequality on … growth shows that both the credit rationing and the social instability channel are relevant in explaining the empirical …