uncertainty on capital inflows in such an economy generates long-term (expected) growth while the deterministic counterpart does … not. In this framework, long-term growth is entirely driven by precautionary savings. In particular, we show that the … asymptotic growth rate of the expected capital stock is an increasing function of both the risk parameter and the Arrow …

The Chinese economy does still not qualify as demand-driven economy. Its growth is based on investment. In fact …

towards investment in education and growth in output per capita, a significant portion of the gains from trade in non …-industrial nations was channelled towards population growth. …

asymmetrically. The gains from trade were channeled towards population growth in non- industrial nations while in the industrial … nations they were directed towards investment in education and growth in output per capita. International trade enhanced the … comparative disadvantage in the production of skilled intensive goods. The focus on the interaction between population growth and …

divergence and lower long-run growth, whereas we find absolute convergence in expansions. The output costs of political and … financial crises are permanent on average and long-term growth is negatively linked to volatility. These results also imply that … panel data studies can help identify the sources of growth and that economic models should be capable of explaining growth …

sustained differences in population growth and income levels across countries. In industrial economies international trade …

divergence and lower long-run growth, whereas we find absolute convergence in expansions. The output costs of political and … financial crises are permanent on average, and long-term growth is negatively linked to volatility. These results also imply … that panel data studies can help identify the sources of growth and that economic models should be capable of explaining …

in migration patterns for the growth and distribution of world income and population using a model with endogenous … poverty and increasing world growth. …