In this paper we show the benefits of regional connectivity and specialization to growth. Starting with one region we … speed up growth. The results also show a strong positive effect of reductions in the cost of making new connections. This … has a significant impact on both the steady state growth rate and on transitional growth, while significantly reducing the …

This paper provides an analytic review of selected contributions to the study of institutions and economic growth. We … review the contributions to the study of institutional determinants of long-run growth by Engerman and Sokoloff, and Acemoglu … steps towards bridging the gap between the study of long-run and short-run growth performances. In addition, we review two …

institutional characteristics differ across countries with different levels of income and rates of growth. We describe a country … levels; however, we find no such evidence on growth rates. We find mixed evidence for a relationship between institutions and … growth volatility. …

We derive the central differential equation of the neoclassical growth model for the case of a CES (constant elasticity …-run deviations from this long-run path, which are characterized by non-sustainable explosive debt growth. These phases are …/3 without), a growth rate of labour-augmenting technical change of 1.65% (1.5%) and a corresponding initial level of labour …

We show empirically that aid given to poor developing countries enhances growth and reduces emigration once several … flows as a share of the labour force and GDP per capita growth and also for all their regressors including remittances and … immigration, savings, public expenditure on education and growth, but reduce tax revenues, all as a share of GDP. Net immigration …