This study estimates and tests the endogeneity of the natural rate of growth using the balance-of-payments consistent rate of growth (BPCRG) instead of the actual rate of growth. Our approach is also theoretically compatible with the one proposed by Thirlwall (2001). Following this idea, we...

This study answers the question: What are the results of assuming the nature of technological progress as Harrod-neutral in growth accounting for the Middle East and North African (MENA) countries? Accordingly, this study contributes to the debate over whether the sources of economic growth stem...