, which reduces investment and economic growth over time. (iii) Wage increases in the resource-intensive sector that spill …

diversification as an essential aspect of national risk management aimed at promoting efficiency, growth, and welfare. The paper first … encourage more stable long-run economic growth. Thereafter, the paper considers Iceland as a case study of the intertwined …

document a significant negative effect of international sanctions on GDP growth and its components (consumption, investment …

We introduce distributive justice into a simple model of growth and distribution. Two groups ("classes") of otherwise … supplies one unit of labour inelastically and desires a wage; and that the labour share impacts growth negatively in our "AK … conflict is resolved by the two positive and three normative criteria we consider. Thus, the macroeconomy (growth, factor …

growth across the globe. In a large sample of countries, equality in the distribution of income as measured by the World Bank … in the World Values Survey, and democracy, all of which are good for growth as reflected in the purchasing power of per …

This paper examines whether growth regressions should incorporate dualism and structural change. If there is a … factor productivity. The paper develops empirical growth models that allow for this effect in a more flexible way than … labour can explain a significant fraction of the international variation in TFP growth. …

partly to the redistributive effect of education spending. In the model income inequality and growth depend in an inverted U … requires more resources, which lowers pre-tax and post-tax income inequality as well as growth. Using consistently defined … income data from the Luxembourg Income Study suggests that there is a negative relationship between growth and income …

We build and estimate a structural dynamic general equilibrium model of growth and trade. Trade affects growth through …, growth affects trade, directly through changes in country size and indirectly through altering the incidence of trade costs …. Theory translates into an intuitive econometric system that identifies the causal impact of trade on income and growth, and …