This paper empirically examines the causality between crime rates and economic growth using state level data in India … crime and economic growth. Higher crimes may reduce level of per capita income and its growth rate. Controlling intentional … annual growth in per capita income could have been higher by 1.57 and 1.2 percentage points, respectively. The average annual …

Following the economic liberalization in India, the service sector has gained prominence in the economy as it accounts … reveal two significant trends in the service sector following liberalization in 1991: growth in service sector productivity … and growth in services' trade. The objective of this paper is to build a simple three sector quantitative model which can …

This paper links the super-multiplier to Keynesian macroeconomics, showing it to be the most Keynesian of growth … accumulation. Firms' decisions regarding capital accumulation coordinate demand and supply growth in goods markets. The paper then … explores the implications of incorporating the super-multiplier in the Neo-Kaleckian and Cambridge growth models. Lastly, it …

The Going for Growth Reports published since 2005 by the OECD have already established their credibility at the … in accordance with exogenous or endogenous growth theory. On the other hand, the OECD?s growth policy recommendations … raise any G-7 country?s GDP growth forecasts by one percentage point in each and every year of the 2009 to 2014 period. JEL …

Constructing data series from various sources, I do comprehensive growth accounting for the Indian Economy. Without … growth accounts for 35% to 70% of the total GDP growth between 1960 and 2004 depending on measure of human capital. Even … after using the Mincer wage regression coefficients, TFP growth still remains significant in explaining the output growth …

This paper examines the factors responsible for generating the services led growth witnessed in the Indian economy … during 1980–2005. A sectoral growth accounting exercise shows that total factor productivity (TFP) growth was the fastest for … services; moreover this TFP increase was significant in accounting for service sector value added growth. A growth model with …

This paper proposes two types of AK-style endogenous growth models to test the physical capital accumulation hypothesis … factors in the growth process. The empirical application supports the relevance of the weaker version across South Africa …’s ‘faster-growing’ regime (1952-1976) and ‘slower-growing’ regime (1977-2012). To improve the economy’s post-2012 growth …

This paper explores the long-run effects of inflation on the dynamics of private sector bank credit and economic growth … private sector. Another crucial finding is that policies of financial liberalization have helped stimulate economic growth …. Reinforcing the literature on finance and growth, this study reaffirms that inflation rates are detrimental to long-run financial …

technologies have so far delivered little productivity gains in Europe. In the second half of the past decade, growth contributions … United States, this has not generally been associated to higher labour or total factor productivity growth rates, the only … and Spain) showed stagnating or mildly declining growth contributions from ICT capital, together with definite declines in …