The present work analyzes convergence issues on a sample of international countries. By using nonparametric and semiparametric techniques, evidence of club convergence is found. Multimodality and persistence is a result emerging from the study of both real data and steady-state solutions. Thus,...

Using objective measures of business regulation in 135 countries, we establish that countries with better regulations grow faster. Improving from the worst quartile of business regulations to the best implies a 2.3 percentage points increase in annual growth

Measured rates of growth in real per capita income differ drastically depending on the data source. This phenomenon occurs largely because data sets differ in whether and how they adjust for changes in relative prices across countries. Replication of several recent studies of growth determinants...

An error-correction model identifies determinants of growth consistent with results from panel regressions based on a standard Cobb-Douglas production function for El Salvador for 1970-1995, with structural factors affecting the technology variable and macroeconomics and expectations explaining...

This note presents a simple model to measure the relative economic growth of economic systems. The model considers S-Shaped pattern of economic growth which represented with a linear model provides information on how an economic system growth in comparison with another one. In particular, this...

I study the manipulation of GDP growth statistics in non-democracies by comparing the self-reported GDP figures to the nighttime lights recorded by satellites from outer space. I show that the night-lights elasticity of GDP is systematically larger in more authoritarian regimes. This autocracy...

Neoclassical growth models incorporating human capital usually adopt a Cobb-Douglas output function with two main features: a labour-augmenting technology term and a linear aggregation of the labour inputs. These functional forms rely on the assumptions that (i) measured in efficiency units,...

We posit that the relationship between income inequality and economic growth ismediated by the level of equality of opportunity, which we identify with intergenerationalmobility. In economies characterized by intergenerational rigidities, an increase in incomeinequality has persistent...

South Asian (SA) countries' growth-dynamics since 1951 is examined and compared using the annual catch-up index. Their growth is more volatile than 89 countries' sample studied earlier. It does not experience a stable phase, is sharply divergent, and the country that grows fastest for two...