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This study assesses the impact of information and communication technologies on growth for a sample composed of 14 MENA … endogeneity. Estimation results show that the Internet use contributes significantly to promote growth. Investment and human … capital are the main involved transmission channels. The positive relationship between ICT and growth is however nonlinear …
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unstable golden age growth path. If an external shock knocks Harrod’s model economy off this path it never returns, hence the …-edge. He argued instead that the system's inherent instability leads to the trade cycle, which is an oscillation around the … cause of the trade cycle. The purpose of this chapter is to explore the implications of adding an empirically grounded …
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