This paper explores the implications of Unified Growth Theory for the origins of existing differences in income per … factors that have governed the pace of the transition from stagnation to growth and have thus contributed to contemporary … variation in economic development. It uncovers the forces that have sparked the emergence of multiple growth regimes and …

The sources of economic growth and development have been puzzling economists from the modern dawn of the profession …. While the Solow-Swan neo-classical model dominated research on growth in the 1960s and 1970s, the 1980s saw the emergence of … growth theories that disputed, largely on theoretical grounds, the Solow-Swan assumptions and conclusions. In this paper, we …

We obtain time series estimates of the long run growth rates of 17 OECD countries, and test the hypothesis that these … long run growth rates, and; (ii) any policies that can raise national growth rates must be international in scope. The … results therefore have bleak implications for the ability of countries to affect their long run growth rates. …

We estimate the impact of FDI on growth using sectoral data for FDI inflows to China and Vietnam. Previous empirical … studies, using either cross-country growth regressions or firm-level micro-econometric analysis, fail to reach a consensus …. Our paper is the first to use sectoral FDI inflow data to evaluate the sector-specific impact of FDI on growth. Our …

We conduct an extensive robustness analysis of the relationship between trust and growth for a later time period (the … uncertainty, we use Least Trimmed Squares, a robust estimation technique, to identify outliers and investigate how they affect the … results. We find that the trust-growth relationship is less robust with respect to empirical specification and to countries in …

Recent studies on the growth effects of exchange rate regimes offer a wide range of different, sometimes contradictory … common specification, and common estimation methods, we argue that the contradictory findings can be explained by the fact …

-homothetic preferences in a general-equilibrium model of endogenous growth and international trade between two countries, and argue that the … is high whereas the world growth rate is low. The introduction of non-homothetic preferences rises a number of …

determinants of growth rates of per capita GDP among countries using two variants of Edward Leamerâ??s extreme-bounds analysis is … the factors that most affect differences of growth rates are ones that are beyond the control of policymakers. …