The study of economic growth is concerned with long-run changes, and therefore, historical data should be especially influential in informing the development of new theories. In this review, we draw ...

An endogenous growth model is developed where, on one hand income tax revenue is utilized to finance investment on public capital, and on the other hand tax concession is given on savings. If one of ...

One explanation for the long-term downshift in US productivity growth is that technological progress requires evermore resources and researchers. And that’s too bad because a complementary explanation ...