We study a series of sustained growth models in which households' preferences are affected by the consumption of other … households as summarized by average consumption. In endogenous growth models, the equilibrium paths involve lower savings and … lower growth than the corresponding efficient paths. Both savings and growth are inversely related to the extent of social …

We show that in a exogenous growth model with non-market ("home") sector calibrated to Bulgarian data under the …

of flat income taxation in Bulgaria in 2008. Using a calibrated micro-founded endogenous growth model with physical and …

research. Overall, this study contributes to existing knowledge by placing the elasticity and rate-of-return estimates under a …

effects of government size on economic growth. We follow best-practice recommendations for meta-analysis of economics research … expenditures to GDP, the partial correlation between government size and per-capita GDP growth is negative in developed countries … use cross-section data. Our findings indicate that the relationship between government size and per-capita GDP growth is …

effects of government size on economic growth. We follow best-practice recommendations for meta-analysis of economics research … expenditures or government consumption expenditures to GDP, government size is associated negatively with per-capita income growth …-section data. These findings indicate that the relationship between government size and growth is context-specific and the existing …

suggests that the shift of employment shares from manufacturing to services is due to divergent growth rates of total factor … relationship between employment growth and TFP growth. …