This study aims to examine the impact of social tolerance cultural diversity, and ability speak widely spoken languages, on economic performance. Based literature, evidence is still controversial unclear. Therefore, used panel data relating (99) non-English speaking economies during time period between 2009 2017. Following augmented Solow model approach, related equation was expanded, in this s...

This paper explores the relationship between debt and growth in 28 EU member states over 1995-2014 period using an interacted panel data estimator standard augmented Solow regression. The nonlinear nature of debt-growth allows for computation optimal turning point given set four conditioning variables. Additionally, heterogeneity members? rates is explored by a quantile regression with nonaddit...

In this paper we examine the role played by environmental externalities in shaping the dynamics of an economy with two sectors (a farming sector and an industrial one), free inter-sectoral labor mobility and heterogeneous agents (workers/farmers and industrial entrepreneurs). We find that, in the presence of the environmental pressure of the economic activity of the industrial sector, the stabi...

This paper presents a complete analysis of a stochastic version of the Solow growth model in which all parameters are ergodic random variables. Applying random dynamical systems theory, we prove that the dynamics and, in particular, the long-run behavior is uniquely determined by a globally attracting stable random xed point. We also discuss the relation of our approach to that of ergodic Marko...