Using a simple stochastic growth model that nests both exogenous and endogenous growth, this paper shows that the growth rate should be mean stationary if growth is exogenous and difference stationary if growth is endogenous and any variable affecting the investment rate is difference...

As institutional approaches have come to dominate the mainstream of development economics, they have outgrown earlier and simpler analyses of ‘property rights’. This paper focuses on the work of Acemoglu, Johnson, and Robinson, which suggests that the distribution of property rights to a...

Purpose – The purpose of this paper is to explore the beliefs held by managers about their roles as facilitators of learning with their employees in a public utilities organisation. Design/methodology/approach – The research was based on Ellinger and Bostrom’s (2002) study on managers’...