disparities in the development of a country. An approach only from the point of view of economic growth is not enough, so we …

This study first provides an outline of Kaldor's growth model and then tests its relevance to the economic experience … manufacturing is the engine of economic growth, whereas the second proposition, also known as Verdoorn's law, asserts that there is … a strong positive casual relationship between manufacturing productivity growth and output growth, due to static and …

Does a country?s level of unemployment have an impact on the long-run growth rate? Incorporating unemployment into a … generalised augmented Solow-type growth model, yields some answers to this question. In particular, we show that the impact of … unemployment on productivity growth heavily depends on the influence of human capital in the production function. In the …

There has been a revival of interest in the effect of risk on economic growth. We quantify both ex ante and ex post … remarkable long-running panel data set for rural households in Zimbabwe. We find that risk substantially reduces growth: in the …, the first micro-based estimate of the effect of shocks on growth. About two-thirds of the impact of risk is due to the ex …

Mankiw Romer and Weil (1992) made the Solovian set up widely-used to test the determinants of economic growth and the … framework, the growth rate of technology depends on the characteristics of the R&D sector, including the share of labor devoted … convergence hypothesis, but predicts a much lower convergence rate (0.01) than that predicted by the existing empirical growth …

research on the relationship between defense spending and economic growth. In this respect, Dunne, Smith and Willenbockel (2005 …. First, we develop the true growth-defense model, based on Dunne, Smith and Willenbockel (2005). Second, we overcome the … general weakness of constant and identical technological progress assumption in empirical growth studies by employing …

Dynamic panel data methods are used to estimate a growth model using data from 23 transition countries for the period … and other factors potentially relevant to growth in transition economies. It is found that 'mass privatization' is … associated with faster growth, but the other privatization methods have no significant impact. The findings suggest that in the …

We construct an endogenous growth model that includes a cultural variable along the dimension of individualism … innovation in an individualist culture. This cultural effect may offset the negative effects of bad institutions on growth … individualism on growth through innovation. Using genetic data as instruments for culture we provide strong evidence of a causal …