for long-term growth in Africa. Using a dynamic panel threshold model, the study covered a large panel-data set of 41 … countries in order to see if there are any differences in the empirical linkage between inflation and long-term growth. For the … full sample of African countries, the empirical evidence showed that inflation hampered growth if it exceeds 11.1 percent …

Regression analyses of cross-country economic growth data are complicated by two main forms of model uncertainty: the … suggested by new growth theory, while addressing the variable selection problem by means of Bayesian model averaging …. Controlling for variable selection uncertainty, we confirm the evidence in favor of new growth theory presented in several earlier …

The empirical growth literature has focused on capital accumulation but largely ignored productivity growth. To address … importance of efficiency changes for economic growth. Using a sample of 26 OECD countries from 1965-90, we find convergence and … important source of economic growth. …

estimator with Bayesian model averaging methods we estimate empirical growth models simultaneously considering endogenous …-run economic growth. Moreover, the estimated rate of convergence is not significantly different from zero …

distribution on the growth in demand. Over recent years, a number of empirical studies based on this model have aimed at … determining whether a redistribution towards profits harms or fosters demand growth. The focus so far has been on a very limited … number of countries. This paper is the first to test the Bhaduri-Marglin model with panel data. It finds that demand growth …

income via the control variables is important. The mediating effect of control variables to affect growth is positive. The …