Economic growth theory predicts more success for North-South than for South-South agreements. We compare the speed of convergence of the North-South area NAFTA with that of the South-South area SICA and the one of the MERCOSUR. We apply GSL fixed effects and a random effects regression with the...

We test whether the growth experience of a sample of 21 OECD countries over the past three decades is more consistent with the augmented Solow model or the Uzawa-Lucas model, by exploiting the different non-linear restrictions implied by them as regards the relationship between factor shares and...

This essay is a comparison study of traditional Neoclassical growth theory and new growth theory. It also discusses growth theory in the real world by investigating the so called “growth miracles” and “growth disasters” scenarios in the developing world. Finally, the essay performs a...

This paper investigates and compares the experience of several geographic regions with economic growth and convergence in income per capita. Income per capita is correlated positively with saving rates and negatively with population growth rates, though the explanatory power of these two...

This paper investigates and compares the experience of several geographic regions with economic growth and convergence in income per capita. Income per capita is correlated positively with saving rates and negatively with population growth rates, though the explanatory power of these two...

This paper examines a recent view of Pritchett (2006) that there is a wide gap between the theoretical and empirical growth literature and the policy needs of the developing countries. Growth literature has focussed on the long term growth outcomes but policy makers of the developing countries...

This paper examines a recent view of Pritchett (2006) that there is a wide gap between the theoretical and empirical growth literature and the policy needs of the developing countries. Growth literature has focussed on the long term growth outcomes but policy makers of the developing countries...

An extensive literature on the effect of military expenditures on economic growth yields conflicting results. A crucial issue that has not been investigated in this context is the possible effect of inequality. The impact of military expenditures on economic growth in Turkey has also received...

This paper uses the Extreme Bounds Analysis (EBA) to find robust and permanent growth effects of education by using enrolment ratios and its components in a panel of Asian countries. It is found that male and female primary and secondary enrolment ratios have robust but small permanent growth...

The development of countries in economic transition is often misunderstood. These countries are neither underdeveloped nor are they developed, they are somewhere in between. Therefore, macroeconomic models of transitional economies must include aspects of both underdeveloped and developed...