theory of development consistent with these three facts. I show that even when total factor productivity (TFP) growth and …Does GDP composition affect GDP growth and volatility? Typically, economies at advanced stages of development grow … gross output production in manufacturing implies a larger growth and volatility of TFP at the value added level in …

. Theory translates into an intuitive econometric system that identifies the causal impact of trade on income and growth, and …We build and estimate a structural dynamic general equilibrium model of growth and trade. Trade affects growth through …, growth affects trade, directly through changes in country size and indirectly through altering the incidence of trade costs …

prices on growth. In the short run, growth is hampered by increasing energy prices. In the long run, however, capital … inputs where growth increases with rising energy prices. In the empirical part, estimations using di¤erent channels and …, they can even be positive for growth. …

China is currently experiencing a structural change toward tertiarization and an implied growth slowdown associated … with it. The paper investigates whether this growth slowdown is merely cyclical or a negative trend, and further what China …