Advanced economies undergo three transitions during their development: 1. They transition from a rural to an urban economy. 2. They transition from low income growth to high income growth. 3. Their demographics transition from initially high fertility and mortality rates to low modern levels. The timings of these transitions are correlated in the historical development of most advanced economie...

In this paper, we develop a simple open economy growth model that allows for the possibility that productivity growth and education affect each other and use it to empirically address issues of causality between the two. Technology adoption fostered by economic openness is modeled as the primary determinant of productivity growth. Thus, this framework also allows us to evaluate whether the much...

This paper estimates the effects of increase in Iran’s non-oil exports on its economic growth as well as sectoral outputs, using a single country, comparative static, exogenous policy Computable General Equilibrium (CGE) model. The paper also investigates the share of tradable sectors in reaching to the targeted growth rate (8%) in 5th socio-economic development plan. For this purpose, the para...