We show that the credit crisis of OECD countries has a negative impact on the growth of the world economy according to … an error correction model including China and Australia. This causes negative growth effects in poor developing countries …. The reduced growth has a direct or indirect impact on the convergence issue, aid, remittances, labour force growth …

The sign of worker remittances in growth regressions is heavily disputed in the literature. Comparing two growth …

The credit crisis of OECD countries has a negative impact on the growth of the world economy according to a simple … error correction model. This causes negative growth effects in poor developing countries. The reduced growth has a direct or … indirect impact on the convergence issue, aid, remittances, labour force growth, investment and savings, net foreign debt …

We derive the central differential equation of the neoclassical growth model for the case of a CES (constant elasticity …-run deviations from this long-run path, which are characterized by non-sustainable explosive debt growth. These phases are …/3 without), a growth rate of labour-augmenting technical change of 1.65% (1.5%) and a corresponding initial level of labour …

We show empirically that aid given to poor developing countries enhances growth and reduces emigration once several … flows as a share of the labour force and GDP per capita growth and also for all their regressors including remittances and … immigration, savings, public expenditure on education and growth, but reduce tax revenues, all as a share of GDP. Net immigration …

Remittances may have an impact on economic growth through channels to physical and human capital. We estimate two … per capita when compared to the counterfactual of having no remittances. Their ratio of the steady-state growth rates with …

The impact of migration and worker remittances on literacy, accumulation of capital and growth is analyzed for a panel … force growth, development aid and GDP per capita growth, using dynamic panel data methods. The estimated equations are then … that emigration lowers savings and labour force growth. The total effect of net migration on GDP per capita is to increase …

We provide a growth model with imported resources and foreign debt accumulation providing the basis for two questions … and regression equations. 1) Under what conditions do growth rates of per capita income remain positive if imported inputs … following results. Oil price growth rates have only a marginal impact on those of GDP per capita as long as they exceed …

has changed the essential nature of innovation - driven by widespread access to the ability to replicate and improve … - remains the same. Hence a focus on endogenous innovation policy is as relevant today as it was 50 years ago. …

How much does public capital matter for economic growth? How large should it be? This paper attempts to answer these … public investment and growth, to determine the growth-maximizing public investment GDP share. It empirically also accounts … maximizes consumption. This is estimated to be between 8.4 percent and 11.0 percent. The results from estimating the growth …