WebThe authors present and test a theory about the effects of political competition on the sources of economic growth. Using Mankiw, Romer, and Weil’s model of economic growth and data for roughly 80 countries, the authors show that political competition decreases the rate of physical capital accumulation and labor mobilization but increases the rate of … WebThe R & D-based models in the endogenous growth literature by Romer (1990), Grossman and Helpman (1991a, 1991b, 1991c), Aghion and Howitt (1992), and others share the counterfactual pre-diction of "scale effects": an increase in the level of resources devoted to R & D should increase the growth rate of the economy. Jones (1995)

Romer Advanced Macroeconomics 4th Edition Solutions …

http://www.econ2.jhu.edu/people/ccarroll/public/lecturenotes/Growth/Romer86Web/ WebWhen Paul Romer began working on economic growth in the early 1980s, a conventional view among economists (e.g., in the models taught in graduate school) was that … someone who corrects grammar

Taxation and economic growth: A historical and agnostic review

WebThis article provides an agnostic, historical review of taxation and economic growth. It critically evaluates how the relationship between the two has evolved throughout modern history. After an introduction that provides a general overview of the relationship between taxation and growth, the article first discusses the positive role of taxes in promoting … WebPaul Romer has demonstrated how knowledge can function as a driver of long-term economic growth. He showed how economic forces govern the willingness of firms to … WebIn 1960, Bolivia ($2,354) and Malaysia ($2,120) had roughly equal per capita incomes. Over the next forty years, however, Malaysia grew at an average annual rate of about 9 percent while Bolivia’s growth rate was a mere 0.5 percent. The result is that in 2000, Malaysia ($9,920) had a per capita income more than 3.5 times that of Bolivia ($2,724). small cactus plants at home depot