income can potentially lead to increases in the incomes of low and middle-income families if economic growth is sufficiently … responsive to increases in inequality. A substantial literature on the impacts of inequality on economic growth exists, but has … failed to achieve consensus, with various studies finding positive impacts, negative impacts, and no impacts on growth from …

Abstract This paper studies the growth effects of productive public expenditures on education and public capital in an … endogenous growth model of overlapping generations. The model is calibrated to Latin American data, and the effects of raising … have moderate, positive effects on per capita growth and income under different scenarios. In addition, re …

Abstract This paper examines the effect of vertical diversity in workers' skill on the long-run growth rate of an …&D sector is submodular. By adopting Grossman and Maggi's (2000) model to a framework of growth, it shows first that diversity … is conducive to growth. As the main innovation, a notion of communication gap is introduced among workers. It is shown …

Ross Levine and David Renelt’s (LR) paper [1992] investigate the “robustness” of the relationship between growth … have a robust relationship with either long-run cross-country growth rates or investment’s share of GDP. As something …

estimation methodology, we investigate the degree and direction of dissemination in the volatility of economic growth. Our …’s economic growth volatility to affect other countries. Thus, an economic recession for example in one country, does not affect … all countries equally across regime type. Second, growth volatility is not simply a North-South phenomenon, but a South …

Abstract Over the 1995-to-2000 period, U.S. productivity growth moved up to rates not seen in several decades. In this … trend rate of productivity growth. My estimates suggest that trend productivity growth moved up from around 1-1/2 percent in … first quarter of 2001. I also estimate the trend rate of multifactor productivity growth, and find that it has also moved up …

capital utilization has important consequences for the results stemming from cross-country growth and levels accounting.  …