In the mid-1980s the attention of economists has been directed again to problems of economic growth. Traditional Solovian growth theory based on the important role of investment has been implied a convergence of economies of different levels of development. But exactly this was unobservable in reality; on the contrary: differences between highly developed countries and those of the so-called th...

STUDY OBJECTIVE To examine time trends in socioeconomic and regional inequalities in under 5 mortality in Indonesia during almost two decades of economic growth. DESIGN Under 5 mortality was calculated for the total population and for subgroups by maternal education, household wealth, rural/urban residence, and island group, using the 1987, 1991, 1994, and 1997 Indonesian Demographic and Heal...

Robert Solow received the 1987 Nobel Prize in economics for developing the leading model of economic growth. The model is based on the premise that cross-country differences in income per person are the result (primarily) of differences in national savings rates (savings finances increases in the capital stock). We illustrate its properties and show how it can be used as a tool for exploring th...

It is great to come back to NYU Law and especially fitting to be discussing business tax reform with all of you. Nearly a decade ago I co-taught the tax colloquium with Dan Shaviro. I am not sure how much anyone learned from me but I learned a huge amount from the NYU community and Dan in particular. And that learning continued in my close partnership with David Kamin for several years in the W...

Perhaps the most remarkable fact about economic growth in recent decades is the slowdown in productivity growth that occurred around the year 2000. This slowdown is global in nature, featuring in many countries throughout the world. In this discussion, I summarize some important characteristics of the slowdown and consider recent insights from the growth literature on its possible causes.

This study addresses a linking mechanism between nonmarket strategy, Austrian economics and firms’ strategic change. Drawing on the results from a case study of China’s telecommunications industry, we develop an integrative framework suggesting that telecommunications development and strategic change in China does not depend merely on economic growth, the nonmarket factors play a more significa...

We examine the role of financial development in economic growth in the former Communist countries of Central and Eastern Europe and the Commonwealth of Independent States during the first two decades since the beginning of transition. These countries, which had undeveloped financial systems under Communism, provide an interesting test of the relationship between financial development and growth...

Can income equality be combined with high economic efficiency and rapid economic growth? Fortunately, we need not answer such a general question. Indeed, the question is poorly phrased. The relationship between income and wealth distribution on one hand, and efficiency/growth on the other, depends on how a certain distribution of income and wealth has come about. For example, if a given redistr...

The Indian government is launching a series of new initiatives to boost public-private research partnerships and to jumpstart science-driven economic growth. But will the current global economic downturn hamper these efforts?

This article provides a test of the secularization hypothesis, which argues that economic growth, industrialization, increased literacy and decreasing fertility depress religiosity. It focuses on the elections of the secular politicians who voted in favor of the separation between Church and State in the French Parliament in 1905. If the secularization hypothesis is correct, these secular polit...