Patience affects economic growth, no news. This paper investigates the opposite causal relationship, i.e., how growth …, coherently with the model's prediction, growth has a significant impact on the effort to teach patience. … influences patience. We propose a simple theoretical framework where heterogeneous parents may choose to transmit their cultural …

Patience affects economic growth, no news. This paper investigates the opposite causal relationship, i.e., how growth …, coherently with the model's prediction, growth has a significant impact on the effort to teach patience. … influences patience. We propose a simple theoretical framework where heterogeneous parents may choose to transmit their cultural …

Growth theory has mainly focused on process innovation, either through an increase in quality of the product or a … reduction on the cost. The main contributions in growth theory that includes product innovation has been done in the Dixit and … the capacity to satisfy consumers’ needs. Growth in this model is defined as the growth of the final value added. …

Growth theory has mainly focused on process innovation, either through an increase in quality of the product or a … reduction on the cost. The main contributions in growth theory that includes product innovation has been done in the Dixit and … the capacity to satisfy consumers’ needs. Growth in this model is defined as the growth of the final value added. …

In recent years, India has enjoyed one of the highest growth rates worldwide, weathering the global financial crisis … investment. Stepping up structural reforms will also be necessary if double-digit growth rates are to be achievable over the … strengthen social welfare systems and access to health and education to ensure widespread benefits from continued high growth …

effects of the consumption externality on the propensity to consume, capital level and individual consumption growth rates are …

The empirical growth literature has focused on capital accumulation but largely ignored productivity growth. To address … importance of efficiency changes for economic growth. Using a sample of 26 OECD countries from 1965-90, we find convergence and … important source of economic growth. …

The growth prospects of a nation are stymied by the burden of government debt. This study has two goals: first, it … tests whether public debt hinders growth; and, second, it explores whether economic policy ameliorates this effect. A large … panel data of countries for 1970-2010 reveal a negative and robust effect of public debt on growth. Strong institutions …

. A series of shocks, especially the fuel and food price crisis of 2008, combined with poor productivity growth in …