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Growth accounting breaks down economic growth into components associated with changes in factor inputs and the Solow … of growth accounting. The analysis then considers dual approaches to growth accounting (which considers changes in factor … sections place the growth-accounting exercise within the context of two recent strands of endogenous growth theory -- varieties …
Persistent link: https://www.econbiz.de/10012472156
conditional convergence. For a given starting level of real per capita GDP, the growth rate is enhanced by higher initial … inflation, and improvements in the terms of trade. For given values of these and other variables, growth is negatively related … to the initial level of real per capita GDP. Political freedom has only a weak effect on growth but there is some …
Persistent link: https://www.econbiz.de/10012473140
increase in average inflation by 10 percentage points per year are a reduction of the growth rate of real per capita GDP by 0 … influences from inflation to growth and investment. However, statistically significant results emerge only when high- inflation … experiences are included in the sample. Although the adverse influence of inflation on growth looks small, the long-term effects …
Persistent link: https://www.econbiz.de/10012473544
Growth and democracy (subjective indexes of political freedom) are analyzed for a panel of about 100 countries from … 1960 to 1990. The favorable effects on growth include maintenance of the rule of law, free markets, small government …, the overall effect of democracy on growth is weakly negative. There is a suggestion of a nonlinear relationship in which …
Persistent link: https://www.econbiz.de/10012473998
For 116 countries from 1965 to 1985, the lowest quintile had an average growth rate of real per capita GDP of -1 … effect on growth from a high ratio of investment to GDP (although this effect is weaker than that reported in some previous …; and a negative effect from political instability. Overall, the fitted growth rates for 85 countries for 1965-85 had a …
Persistent link: https://www.econbiz.de/10012474618
In neoclassical growth models with diminishing returns to capital, a country's per capita growth rate tends to be …-country evidence, which indicates that per capita growth rates for about 100 countries in the post-World War II period are uncorrelated …. These results on growth, fertility, and investment are consistent with some recent theories of endogenous economic growth …
Persistent link: https://www.econbiz.de/10012475925
Models of endogenous economic growth can generate long-term growth without relying on exogenous changes in technology … can be accumulated. I use some models of this type to study the determination of per capita growth, investment in physical … and human capital, and population growth. The determinants of these variables involve aspects of government policy …
Persistent link: https://www.econbiz.de/10012476201
Empirical research on the determinants of economic growth has typically neglected the influence of religion. To fill … church attendance and religious beliefs on economic growth. To isolate the direction of causation from religiosity to … the religion market, an indicator of religious pluralism, and the composition of religions. We find that economic growth …
Persistent link: https://www.econbiz.de/10012469016
economic growth in the contemporaneous five-year period but has a significantly negative effect in the subsequent five years …
Persistent link: https://www.econbiz.de/10012469763
economic growth responds positively to the extent of some religious beliefs but negatively to church attendance. That is …, growth depends on the extent of believing relative to belonging. These results hold up when we use as instrumental variables …
Persistent link: https://www.econbiz.de/10012469783