This paper analyzes the sources of economic growth of the world economy, seven regions, and fourteen major economies during three periods – 1989-1995, 1995-2000, and 20002006. We allocate the growth of world output, as measured in the World Bank’s International Comparison Program, between input growth and productivity. We find, surprisingly, that input growth greatly predominates! Moreover, exc...

The transition from subsistence to commercial agriculture is key for economic growth. But what are the consequences for nutritional outcomes? The evidence to date has been scant and inconclusive. This study contributes to the debate by revisiting two prevailing wisdoms: (a) market participation by African smallholders remains low; and (b) the impact of commercialization on nutritional outcomes ...

This paper examines empirically the relationship between the relative price of capital and the rate of economic growth. In the results. machinery appears to bc the most important component of capital: when the relative price of machinery and the relative price of nonmachinery are included in a Barro ( 199 1) growth regression, a strong negative relationship between growth and the machinery pric...

F M. and N A. (2005) Regional geographic research and development spillovers and economic growth: evidence from West Germany, Regional Studies 39, 143–153. The paper is based on recent theoretical writings in growth economics that emphasise the effects of both own research and development efforts and of interregional technology spillovers on regions’ productivity. It proposes robust e...

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Recent empirical analysis suggests that individual national leaders can have large impacts on economic growth. Leaders have strongest effects in autocracies, where they appear to substantially influence both economic growth and the evolution of political institutions. These findings call for increased focus on national economic policies and the means of leadership selection, among other issues.

State capacity has become one of the most discussed concepts in development economics and political economy. In this survey we argue that the study of economic history provides vital insights into the process through which modern states have acquired ‘state capacity’. By evaluating the process of state building across a range of different countries in Europe and Asia, we are able to ‘decompress...

This paper is a survey of the theory of stochastic optimal economic growth.

The theory about missing links of economic growth often lags behind the empirical estimations of such links. A consensus has emerged that ethnic fractionalization has a negative impact on growth, also when controlled for income inequality. Often, although implicitly, the assumed channel is social cohesion. We analyse the effect of fractionalization on social cohesion with a different inequality...