This study reaffirms the empirical evidence of public capital spillovers and endogenous growth by using data for the … significant and sizeable public capital spillover effects, growth in Taiwan is strictly endogenous. Finally, the dynamic model …

We evaluate the growth and welfare effects of budget-neutral reforms in the US tax system. Large gains in welfare and … growth could result from adopting a consumption-based tax system. In contrast, significant welfare and growth losses would …-negligible welfare and growth gains. …

The paper investigates the local dynamics of a simple growth model with a public health factor. A notable feature of … contributes to labor productivity growth. From a three-dimensional dynamic system that includes physical capital, public health … undiversified growth pattern when converging on high- and low-growth equilibria. Our striking result has important implications in …

China's fast growth is perceived as a major determinant of its savings glut that contributes to global imbalances, but … find that China's growth is positively affected by saving but has a limited effect on saving, that inequality mainly has a … negative impact on growth but has a positive impact on saving, and that inequality is a stronger factor than growth in …

Growth models with endogenous mortality assume generally that life expectancy is increasing with output per capita and …

bottom 99% and top 1% in the U.S. and Canada have had very different rates of growth of market income since the 1980s …, increasing economic instability is thus an implication of increasing inequality. Either an acceleration of the income growth rate … of the bottom 99%, or a decline in income growth of the top 1%, could equalize income growth rates, and thereby stabilize …

Thirlwall's Law (Thirlwall, 1979) considers that growth can be constrained by the balance-of-payments when the current … account is in permanent deficit. The law focuses on external imbalances as impediments to growth and does not consider the … case where internal imbalances emerging from budget deficits or public debt can also constrain growth. The recent European …

Thirlwall's Law considers that growth can be constrained by the balance-of-payments when the current account is in … permanent deficit. The Law focuses on external imbalances as impediments to growth and does not consider the case where internal … imbalances (budget deficits or public debt) can also constrain growth. The recent European public debt crisis shows that when …