This study first provides an outline of Kaldor's growth model and then tests its relevance to the economic experience … manufacturing is the engine of economic growth, whereas the second proposition, also known as Verdoorn's law, asserts that there is … a strong positive casual relationship between manufacturing productivity growth and output growth, due to static and …

Growth is endogenous in small open economies with substantial hidden or open unemployment, even under constant returns … to scale. Growth promoting policies, however, have implications for the balance of trade, and two instruments are needed … in order to achieve targets for both the growth rate and the balance of trade. The real exchange rate can serve as one of …

High income growth in many countries in East Asia and the Middle East has been accompanied by increasing income … interrelationships between inequality and economic growth. This paper develops a simple model to establish that the change in income … growth rate is a non-linear function of the income growth if policy makers try to influence economic growth. As a result …

between economic growth and income inequity. We develop a simple model to establish that economic growth and inequality can … (economic growth). Our findings for the Associations of Southeast Asian Nations (ASEAN), People Republic of China and India (ACI …) economies are two-fold: first, we observed that for low values of economic growth, inequality and growth bear an inverted U …

We set up an endogenous growth model in which the efficiency of both capital and fossil energy can be improved, whereas … states: one stagnant where energy is fully derived from the alternative energy source, and one with balanced growth where …

dynamic general equilibrium model with endogenous economic growth and heterogeneous overlapping generations. We calibrate the … model for the US economy and obtain the following results. First, the effect of a decline in population growth on labor … productivity growth is positive and quantitatively significant. In our benchmark, it is predicted to increase from an average …

-Saharan Africa have enjoyed significantly higher investments and growth rates, primarily fueled by the expanding fiscal space of the … post-HIP C era. Despite these post-HIPC growth rebounds, the region is not likely to meet the Millennium Development Goals … (MDGs). Long-term growth projections from a simple macroeconomic model, which is applied to Ethiopia, suggest that prospects …

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 …