Empirical growth analysis is plagued with three problems — variable selection, parameter heterogeneity and cross-sectional dependence — which are addressed independently from each other in most studies. The purpose of this study is to pro- pose an integrated framework that extends the...

Given the shrinking proportion of agriculture output and the growing mobility of the labor force in China, how agricultural labor productivity develops has become an increasingly attractive topic for researchers and policy makers. This study aims to depict the development trajectory of...

Assuming a production process with returns to scale that vary with the intensity it is operated at, an AK-model of endogenous growth with constant returns to scale in production is shown to arise due to replication driven by profit-maximization. If replication occurs at the efficiency-maximizing...

This study undertakes an examination of asymmetric adjustment effects between electricity consumption and economic growth in South Africa using quarterly data collected from 1983Q1 to 2013:Q4. In our study, we employ a momentum-threshold co-integration method to examine the long-run equilibrium...

The aim of the study was to determine the relationship mechanisms between the economic growth and human development. The research used cross country survey research design. The research covers 40 countries, 10 countries from each of human development ranks. Multivariate multiple regression model...