positively affected Latin American economic growth in this period, while the determinants traditionally put forward in the … empirical growth literature, such as technical change and openness, did not. Finally, the positive correlation between the …

paths have led to sharply different growth performance in the two regions. Yet, standard trade openness indicators fall …

accumulation. The present article studies international convergence and divergence, linking structural change with trade and growth …&D intensive sectors allows achieving higher rates of growth in the long term and increases the capacity to respond to demand … changes. A virtuous export-led growth requires laggard countries to reduce the technological gap with respect to more advanced …

doctrine is misleading and a positive level of diversification is growth enhancing. Applying a result developed in the … adopt the optimal specialization strategy, i.e. the one that maximizes the country growth rate. …

The paper proposes a model that explains cross-country growth divergences over time for different aspects of structural … of investment in new capital, productivity gains and cumulative growth. The model is able to reproduce empirical stylised … facts on growth and income inequality associated with different stages of growth. We use VARs to estimate the causal …

Financial constraints are an important impediment to the growth of small businesses. We study theoretically and … decisions and growth of principals, in the context of franchising. We find that a 30 percent decrease in average … waiting time, and slows their growth by around 10 percent, leading to a 10 percent reduction in franchised chain employment. …

relatively unpopular because retrenchment seems to imply failure. The orientation of most top management towards growth …

. We challenge this view by arguing that a number of judicial procedures foster economic growth by increasing the predict … growth of 15 judicial procedures. Employing a standard growth model, we find in a cross-section of 67 countries that … timeliness, writtenas opposed to oralprocedures, and the right to counsel have a positive effect on growth, whereas the number of …

accumulation to regional growth. We model explicitly the political-economy process driving infrastructure investments; in doing so …