In this paper, we quantitatively assess the welfare implications of alternative public education spending rules. To … only when the policy instrument is successful in smoothing the growth rate of human capital. …

economic growth. Starting with the seminal paper of Robert Barro (1990) we show that an understanding of the core results of …. Therefore, future research ought to focus more on idea-based endogenous growth models to check the robustness of policy …

-best outcome in the canonical model (without delays). The presence of delays also lowers equilibrium growth, and leads to a … diverging growth path relative to that implied by the canonical model. This suggests that delays in public capital provision may … be a potential determinant of cross-country differences in income and economic growth …

-best outcome in the canonical model (without delays). The presence of delays also lowers equilibrium growth, and leads to a … diverging growth path relative to that implied by the canonical model. This suggests that delays in public capital provision may … be a potential determinant of cross-country differences in income and economic growth …

economic growth. Starting with the seminal paper of Robert Barro (1990) we show that an understanding of the core results of …. Therefore, future research ought to focus more on idea-based endogenous growth models to check the robustness of policy …

growth performance and for individual welfare. Third, we showthat the assessment of pension reform proposals may be different … expensive and innovation investments that increase labor productivity are more profitable. We incorporate this channelin a new … dynamic general equilibrium model with endogenous economic growth and heterogeneous overlapping generations. We calibrate the …

High income growth in many countries in East Asia and the Middle East has been accompanied by increasing income … interrelationships between inequality and economic growth. This paper develops a simple model to establish that the change in income … growth rate is a non-linear function of the income growth if policy makers try to influence economic growth. As a result …

The volatility of unanticipated output growth in income per capita is detrimental to long-run development, controlling … for initial income per capita, population growth, human capital, investment, openness and natural resource dependence … the black box and conditioning the variance of growth shocks on several country characteristics. Natural resource …