The theory of endogenous technical change has deeply contributed to our understanding of the fundamental sources of economic growth and development. In this chapter we survey important contributions in the field by focussing on the basic structure of endogenous growth models with horizontal as...

This paper explores some implications of the existence of politically active groups within dictatorships. The analysis reaches the more or less plausible conclusion that dictators will treat supporters differently than opponents and that a dictator often lacks a significant encompassing...

This paper studies the relationship between patience and comparative development through a combination of reduced-form analyses and model estimations. Based on a globally representative dataset on time preference in 76 countries, we document two sets of stylized facts. First, patience is...

This paper reviews recent economics literature on culture, with an emphasis on its relation to the field of long-run growth and development. It examines the key issues debated in the new cultural economics: causal effects of culture on economic outcomes, the origins and social costs of culture,...

We survey the recent literature on growth empirics in this paper. Modern growth economics has led to a rich and wide-ranging empirical literature replete with many new methodologies and many new findings. Yet in comparing the modern empirical literature to the traditional growth accounting...

This paper studies the relationship between patience and comparative development through a combination of reduced-form analyses and model estimations. Based on a globally representative dataset on time preference in 76 countries, we document two sets of stylized facts. First, patience is...

Promotion of foreign direct investment (FDI) and trade liberalization on both global and regional levels has been considered to be beneficial for the economic development of developing countries. Current WTO rules support regional trade liberalization and prohibit certain trade-related...

The goal of this research is to provide an analysis of the development of the Republic of Croatia and 110 selected countries in terms of human resource development index components and the components of the Technological Achievement Index. Developmental lags of the Republic of Croatia were...

The paper considers the process of discovery for subsoil resources, including both hard minerals and hydrocarbons and estimates its magnitude in recent years, as derived from the sum of extraction and changes in proven reserves. Spurred on by technology change and strong market conditions,...