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'Leadership' is not a common topic for research in international development. In recent years, however, prominent … studies like the 2008 Growth Commission Report noted the importance of leadership in development. This and other studies … do lead development. It deconstructs the implied theory behind the 'hero orthodoxy' into four hypotheses: about how …
Persistent link: https://www.econbiz.de/10010187197
The potential interactions among fiscal policies, investments and economicgrowth are complex and manifold.In this paper, we will perform a systematic comparative analysis of the variouseconomic insights that arecurrently available on these complex relationships, both theoretically (by aselective...
Persistent link: https://www.econbiz.de/10011301152
We explore the relationship between government size and economic growth in an endogenous growth model with human capital and an unproductive capital which facilitates rent-seeking. With exogenous as well as endogenous time discounting, we find a non-monotonic relationship between the size of...
Persistent link: https://www.econbiz.de/10012120573
We develop an endogenous growth model to quantify how permanent structural policy changes that enhance the fiscal policy mix, markets' functioning, and public institutions' quality affect long-term growth and welfare. The reforms include increased public investment, reduced market power through...
Persistent link: https://www.econbiz.de/10014364961
We provide a Keynesian growth theory in which pessimistic expectations can lead to very persistent, or even permanent …
Persistent link: https://www.econbiz.de/10011636233
great and argues this research should employ a version of theory-guided process tracking (TGPT) called 'systematic process …
Persistent link: https://www.econbiz.de/10010128322
The issue of whether the public sector enhances or retards long-run economic growth has been debated passionately in recent years. In this paper we use meta-analysis to shed light on the issue. A sample of 93 published studies, yielding 123 meta-observations, is used to examine the robustness of...
Persistent link: https://www.econbiz.de/10011326403
The relative size of the State in industrialized economies has increased dramatically during the past century giving rise to legitimate fears that such a trend might end up having an adverse impact on growth. This paper explores the relationship between the development of government activities...
Persistent link: https://www.econbiz.de/10009307545
The main task of this work is to develope a model able to encompass, at the same time, Keynesian, demand-driven, and Marxian, profit-driven determinants of fluctuations. Our starting point is the Goodwin's model (1967), rephrased in discrete time and extended by means of a coupled dynamics...
Persistent link: https://www.econbiz.de/10010202757
We develop a model where temporary non-technology shocks can lead to permanent changes in the rate of growth of total factor productivity (TFP). The key ingredient of the model is a matching processes between basic researchers, product developers, and the stock of knowledge of the economy. In...
Persistent link: https://www.econbiz.de/10014438716