This paper develops a long-run growth model for a major oil exporting economy and derives conditions under which oil … steadily over the past three decades, the theory suggests that the effect of oil income on the economy’s steady state growth …

We use Bayesian Model Averaging (BMA) to evaluate the robustness of determinants of economic growth in a new dataset of … economic growth implied by differences between regions and those within regions of a given country. In the cross-section of … countries is mostly a characteristic of regions in old EU member states. We also find robust evidence of positive growth of …

The empirical literature on economic growth and development has moved from the study of proximate determinants to the … the measurement and estimation of the effects of historical variables on contemporary income by explicitly taking into …

We undertake a trade-growth accounting exercise by decomposing data on changes in bilateral international trade flows … into their direct (endowment accumulation, productivity growth, changes in trade costs, changing preferences) and indirect … productivity growth, and endogenous changes in expenditures shares on manufacturing goods and services. We quantify the importance …

This paper argues that growth theory needs a more general quot;regularityquot; concept than that of exponential growth …. This offers the possibility of considering a richer set of parameter combinations than in standard growth models. Allowing … zero population growth in the Jones (1995) model serves as our illustration of the usefulness of a general concept of quot …

between political stability and economic growth which is stronger and empirically more robust in countries with high … bureaucratic costs. Motivated by these results, which contrast with previous contributions, we develop a model of growth with … between the probability that the incumbent politician remains in office and average economic growth in the presence of high …

of economic growth. Instead, this paper presents and applies sustainable discounted utilitarianism (SDU). SDU respects … SDU to two well-known models of economic growth. We also investigate the axiomatic basis for SDU …

We propose an innovation-driven growth model in which education is determined by family background and cognitive … market R&D. This means that our model rationalizes two different paths to modern growth: According to the Prussian way …