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In this work the author updates the reviews on endogenous growth theories in order to explore whether recent empirical studies have become more supportive of their main predictions. Among the core topics studied in the growth econometric framework, namely convergence, identification of growth...
Persistent link: https://www.econbiz.de/10013132118
In this work we update the reviews on endogenous growth theories, after two decades of theoretical and empirical contributions in order to explore whether recent empirical studies have become more supportive of their main predictions. Among the core topics studied in the growth econometric...
Persistent link: https://www.econbiz.de/10013132217
Harberger`s superneutrality conjecture contends that, although in theory the mix of direct and indirect taxes affects …
Persistent link: https://www.econbiz.de/10012781882
The combination of stagnant growth and high levels of income inequality renewed the debate about whether a more even distribution of income can spur economic activity. This paper tests for cross-country convergence in income inequality and estimates its impact on economic growth with a...
Persistent link: https://www.econbiz.de/10012962147
This paper examines how democracy affects long-run growth by influencing the quality of governance. Empirical evidence is presented first showing that measures of the quality of governance are substantially higher in more democratic countries. A general equilibrium, endogenous growth model is...
Persistent link: https://www.econbiz.de/10012706476