The current debate on secular stagnation is suffering from some vagueness and several shortcomings. The same is true for the economic policy implications. Therefore, we provide an alternative view on stagnation tendencies based on Josef Steindl’s contributions. In particular, Steindl (1952)...

This research develops an expanded unified growth theory that incorporates the endogenous accumulation of physical capital, population, human capital, and technology. The model incorporates a complementarity between physical capital and human capital and can be extended to a multi-country...

Presented is a mathematical model of single-product economy describing a nominal economic growth and a nominal economic decline. Based on the model of economic dynamics, policies handling the gravity of the secular stagnation are furnished. First, transition of the secular stagnation into the...

In this paper, we first assess the historical evolution of total factor productivity in Haiti and then consider alternative scenarios related to accelerating growth. Specifically, we focus on issues of intertemporal coordination between population growth, TFP (Total Factor Productivity), capital...

For several decades, the international community has aspired to integrate the social, economic and environmental dimensions of sustainability. Yet, no country has achieved the patterns of consumption and production that could sustain global prosperity in the coming decades. Thus, with the...

In this paper, we first assess the historical evolution of total factor productivity in Haiti and then consider alternative scenarios related to accelerating growth. Specifically, we focus on issues of intertemporal coordination between population growth, TFP (Total Factor Productivity), capital...

Since before Adam Smith, economists have been concerned with development. However, they have seldom understood it or paid it enough mind. For example, the "sequence" economists, such as Marx in the 19th Century and Rostow in the 20th sought to force development everywhere into a rigid pattern....

Startup Chile (SUP), a business accelerator launched with much international fanfare by the Chilean government in 2010, is seen as a key reason that Santiago is now ranked among the world’s top startup cities. One of SUP’s primary goals is to link Chile’s innovation ecosystem to the world...

This paper analyzes the relation between international liquidity and growth for Brazil in 1966-2000. Defining the former as the ratio of foreign reserves to foreign (interest-bearing) debt, the objective is to build a model connecting growth with international liquidity, and then check whether...