physical capital to study the interaction of international capital flows and growth. Analytically, we study conditions under … long-term growth via the accumulation of human capital. Our mechanism shows how a small initial difference in the level of …

This paper offers the first systematic historical evidence on the role of a central actor in modern growth theory - the … engineers diverged in their growth trajectories over the next century. The results are supported by historical case studies from …

The usual models of endogenous growth treat knowledge codification as a byproduct of R&D and as costless. In contrast … costly knowledge codification in an overlapping generations framework of endogenous growth and show that the steady …-state growth rate of capital being higher than that of the knowledge stock is a sufficient condition for knowledge codification …

dynamic general equilibrium model with endogenous economic growth and heterogeneous overlapping generations. We calibrate the … model for the US economy. First, we establish that the net effect of a decline in population growth on the growth rate of … the growth performance and for individual welfare. Third, we show that the assessment of pension reform proposals may be …

economic growth. The theoretical literature has treated these two channels separately, with natural resources affecting growth … that in turn affect growth. Whether natural resources stimulate growth or induce a poverty-trap crucially depends on … inequality and higher cost of political participation, a high-growth and a poverty-trap equilibrium co-exist even with abundant …

In this paper, we test whether the growth experience of a sample of OECD countries over the past three decades is more … consistent with the human-capital augmented Solow model of exogenous growth, or with an endogenous growth model à la Uzawa … implied by these two models to discriminate between them. Using pooled crosscountry time-series data, we specify our growth …

This paper presents empirical estimates of human-capital augmented growth equations for a panel of 21 OECD countries … growth model assumptions with the needs of panel data regressions. Unlike several previous studies, our results point to a … positive and significant impact of human capital accumulation to output per capita growth. The estimated long-run effect on …

This paper studies the effects of distortionary taxes and public in- vestment in an endogenous growth OLG model with … knowledge trans- mission. Fiscal policy affects growth in two respects: .rst, work time reacts to variations of prospective tax … generations, and are not necessarily growth-improving with respect to a pure private system. Non-Ramsey policies that shift the …