In this paper we highlight the importance of the operational costs in explaining economic growth and analyze how the … industrial structure affects the growth rate of the economy. If there is monopolistic competition only in an intermediate goods … sector, then production growth coincides with consumption growth. Moreover, the pattern of growth depends on the particular …

. The article analyzes the impact of diamond abundance on economic growth in light of the broader, previously discovered … lead to a crowding-out in favor of defense spendings, which depresses growth. As predicted by the model, a cross …-country regression analysis suggests that diamond abundance has a ’U-shaped’ relationship with economic growth. <p> …

economic complexity indicator is a good predictor of economic growth. Our results suggest that a group of countries in the EU … on growth for a second group of countries with lower levels of complexity. We also find that income convergence is faster …

and driven entrepreneurial profit and income growth towards zero. The article presents a ’technological opportunity model … lower profits and growth, which then makes costly and risky drastic innovations profitable again. This relationship between … intense drastic innovation intensity and poor levels of economic growth receives some empirical support. …

Is social capital always important for economic growth? A number of recent micro studies suggest that interpersonal …. The conventional wisdom from macro studies, however, is that social capital is unconditionally good for growth. On the … this prediction to an empirical cross-country growth regression, it is shown that the marginal effect of social capital (in …

new measure of poverty [Morduch, J., 1998, Poverty, Economic Growth and Average Exit Time, Economics Letters, 59: 385 … poverty with a constant and uniform growth rate. The illustration uses data from Papua New Guinea, which is the country with …

The purpose of this paper is to introduce a noncompetitive labor market and unemployment into the growth models with … exogenous saving rates found in economic growth textbooks (SalaiMartin, 2000; Barro and SalaiMartin, 2003; Romer, 2006). We … first derive a general framework with a neoclassical production function to analyze the relationship between growth and …

Recent theoretical models of economic growth have emphasised the role of external effects on the accumulation of …. We assess the role of these external effects in explaining growth and economic convergence. We present a simple growth …

This paper reviews the recent literature dealing with the relationships between economic growth, income distribution …. Neither does it find any systematic link from fast growth to increasing inequality. Some recent empirical evidence has tended … to confirm the negative impact of inequality on growth, on the other hand. Others have found that the level of initial …