Acknowledging the fact that the growth experience of countries is seldom well described by the average growth rate, this paper aims at identifying countries that are similar in terms of their growth process, thus emphasizing the dynamics of growth rates. To that end, the growth experience of...

The growth experience of virtually all but the very rich countries is best explained as a combination of high and low growth episodes. Therefore, there is a need to understand the sources of growth during high and low growth regimes and in particular the influences as growth regimes change. This...

This paper interprets economic growth as a sequence of transitions between four growth regimes: crisis, stagnation, stable growth, and miracle growth. Countries experience distinct patterns of growth because they switch between the growth regimes with different frequencies. The aim of this paper...

Reexamining foreign direct investment (FDI) as a potential channel for knowledge diffusion - based on industry data from seventeen OECD countries during the period 1973-2000 - we find that FDI-receiving countries benefit strongly from FDI-related knowledge spillovers. We do not find evidence for...

Acknowledging the fact that the growth experience of countries is seldom well described by the average growth rate, this paper aims at identifying countries that are similar in terms of their growth process, thus emphasizing the dynamics of growth rates. To that end, the growth experience of...

Reexamining foreign direct investment (FDI) as a potential channel for knowledge diffusion -- based on industry data from seventeen OECD countries during the period 1973-2000 -- we find that FDI-receiving countries benefit strongly from FDI-related knowledge spillovers. We do not find evidence...

In this paper economic growth is interpreted as a sequence of transitions between distinct growth regimes that countries visit with different frequencies. Countries featuring similar growth dynamics are endogenously grouped into three different clusters. The first cluster comprises successful...