do not examine the determinants of the level of per capita income as an indication that a certain theory has better … of developing countries. -- Growth theory ; long run growth ; Solow ; disasters ; exogenous shocks …

standard neoclassical growth model with US data and assume that an exogenous shock has driven aggregate output far below steady … the generality of this result w.r.t. size and persistence of the shock, size of the government spending multiplier, and …