In this note we check for the existence of an S-surve for Croatia, Hungary and Slovenia. We interpret the results in the spirit of the business cycle literature. Compare institutions, fiscal/monetary policy, whether they had currency/banking crises within the sample, how much they trade trade...

This paper constructs a stochastic growth model that anchors on technology diffusion and improvement in social infrastructure to explain the growth of developing countries. The model is based on the technological diffusion model by Barro and Sala-i-Martin (1997) with two significant extensions:...