En este documento se presentan los resultados de la estimación econométrica del modelo de gasto público y crecimiento económico de Barro (1990). La estimación fue de tipo panel utilizando datos de frecuencia anual de 83 países (con poblaciones mayores a 2 millones en 1980)a lo largo del...

Building upon recent Barro models that account for the impacts of various economic and political factors conditioning the pace of economic growth, we evaluate the merits of alternative specifications that expose the impacts of demographic change. For a sample of 89 countries, we arrive at the...

In this paper, we develop an analysis of the reasons for the apparent failure of the “Lisbon strategy” (2000) so far. After having made the general case for a comprehensive “institutionalist perspective” on the European economy, we first try to formalise the objectives of “Lisbon” in...

This paper documents that a process of industrial restructuring has been transforming the developed economies, where large corporations are accounting for less economic activity and small firms are accounting for a greatershare of economic activity. Not all countries, however, are experiencing...

Working with a mix of panel data on goods and services trade for the OECD for 1994-2004, combined with social accounts data (i.e. data on intermediate linkages) for 78 countries benchmarked to the panel midpoint, we examine the role of services as inputs in manufacturing, with a particular focus...

In this paper, we develop two hypotheses: First, regional innovation efforts have a positive impact on regional knowledge based entrepreneurial activity. Second, knowledge based entrepreneurship positively affects regional economic performance. We test these hypotheses using county level data...

The nature of energy and material resources in an endogenous growththeory framework isclarified. This involves three modifications of the conventionaltheory. Firstly, multiple feedbackmechanisms or “growth engines” are identified. Secondly, a productionfunction distinguishesbetween resource...

This paper examines the relationship between entrepreneurship (as measured by fluctuations in the business ownership rate) and unemployment in Japan for the period between 1972 and 2002. We find that, although Japan’s unemployment rate has been influenced by specific exogenous shocks, the...

This paper investigates the dynamic causal relationship between financial development, energy consumption and economic growth in Lebanon over the period 1993M1-2010M12.Our findings confirm the existence of cointegration among the variables. The results indicate that financial development and...

The paper, mostly empirical in nature, investigates issues on cross-national new information and communication technologies (ICTs) adoption patterns and growth directions. In the period of 2000-2010, a great number of countries underwent substantial changes on the field of ICTs implementation....