Optimal growth theory is sometices used to motivate green accounting by interpreting the "linearized" Hamiltonian at the present time as a proxy for an inclusive measure of NPP. A linearized Hamiltonian, is, in effect, an affine transformation of the utility function that makes consumption be...

We present a model of endogenous firm growth with R&D investment and innovation as the engine of growth. The objective of our analysis is to present a framework that can be used for microeconometric analysis of firm performance in high-tech industries.

Broadly speaking, two schools of thought have emerged to interpret China's rapid growth since 1978 : the experimentalist school and the convergence school. The experimentalist school attributes China's successes to the evolutionary, experimental, and incremental nature of China's reforms. The...

This paper uses a new pre-1940 Third World data base documenting real wages and relative factor prices to explore their determinants. There are three possibilities: external price shocks, factor endowment changes, and technological change. While the paper lays out an explicit econometric agenda...

This paper reviews the literature on the relationship of economic growth to the education levels of the labor force. The enphasis is on Ben-Porath's contribution to some of the issues in this field: the endogeneity of schooling, the role of the public sector as an "absorber" of educated labor,...

Low levels of human capital ivnestment in poor countries have important implications for economic growth, distribution, and social conditions -- and competing explanations for the low levels have been suggested. The most prominent explanations cite low returns, parental preferences, cultural...

Economic reform is difficult to carry out because it often undercuts teh status and economic advantage of the rank-and-file officials to whom authorities must turn to implement market-based changes. Drawing on new longitudinal data collected between 1991 and 1994 in a representative rural county...