Favorable conditions existed for world economic growth during the 1980s and early 1990s. Yet real GDP growth rates for 76 ou of 87 countries included in this study decreased during this time, relative to the 1968-80 period. The middle income countries experienced the greatest decline in growth...

This study focuses on the sources and evolution of economic growth of the Taiwanese economy over the period 1966-1996.

In This paper we extend the sensitivity analysis of cross-country growth regressions of Levine and Renelt (1992), by introducing a semiparametric fomulation of their regression function.

Unit roots in output, an exponential 2 per cent rate of convergence and no change in the underlying dynamics of output seem to be three stylized facts that cannot go together. This paper extends the Solow-Swan growth model allowing for cross-sectional heterogeneity. In this framework, aggregate...

This paper presents an endogenous growth models with intertemporally dependent preferences and "Ak" technology. We derive sufficient conditions for a balanced growth path to be an equilibrium, provide a full characterization of the equilibrium dynamics of the economy, and explore the...