Empty Sources of Growth Accounting, and Empirical Replacements à la Kaldor with Some Beef [PDF]
Standard sources of growth accounts are empty of content because they rely on neoclassical production theory. Rather, analysis can be based on productivity growth quations derived either from NIPA accounting conventions or algebraic identities.
Codrina Rada, Lance Taylor
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CIVIC COMMUNITY APPROACHES TO RURAL DEVELOPMENT IN THE SOUTH: ECONOMIC GROWTH WITH PROSPERITY [PDF]
The free market-based policies of the corporate community model have skewed economic development across the South. For many small, rural communities, the consequences of global capitalism have resulted in declining real wages, high underemployment, and ...
Christy, Ralph D. +2 more
core +1 more source
Does Neoclassical Theory Account for the Effects of Big Fiscal Shocks? Evidence From World War II [PDF]
There is much debate about the usefulness of the neoclassical growth model for assessing the macro-economic impact of fiscal shocks. We test the theory using data from World War II, which is by far the largest fiscal shock in the history of the United ...
Ellen R. McGrattan, Lee E. Ohanian
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Renewable Resources, Capital Accumulation, and Economic Growth [PDF]
This paper proposes a dynamic economic model with physical capital and renewable resources. Different from most of the neoclassical growth models with renewable resources which are based on microeconomic foundation and neglect physical capital ...
Wei-Bin Zhang
core +1 more source
Putting the individual in the context of the organization: A Carnegie perspective on decision-making. [PDF]
Front Psychol, 2023 Levinthal DA, Newark DA.
europepmc +1 more source
The debates on the representative firm and increasing returns: Then and now [PDF]
The paper reviews the debates on the representative firm and increasing returns which were initiated by Claphamís ìEmpty economic boxesî in 1922 and completed in the March 1930 symposium edited by Keynes in the Economic Journal with contributions by D.H.
Harcourt, G.C., S. Blankenburg
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The application of trade and growth theories to agriculture: a survey [PDF]
This article reviews a broad range of theoretical concepts available to explain international trade in agricultural and food products. For many years agricultural trade analyses were largely based on traditional perceptions of comparative advantage ...
van Berkum, Siemen, van Meijl, Hans
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The Great Wars, The Great Crash, and the Unit Root Hypothesis: Some New Evidence About an Old Stylized Fact [PDF]
For decades, the prevailing sentiment among economists was that growth rates remain constant over the long run. Kaldor considered this to be one of the six important 'stylized facts' that theory should address, and until the emergence of endogenous ...
Dan Ben-David, David H. Papell
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Endogeneity, Knowledge and Dynamics of Long Run Capitalist Economic Growth. [PDF]
The revival of interest in economic growth and technological leadership issues has resulted in the re-examination of the theoretical foundations of the economics of growth.
Chaudhri, D.P., Wilson, E.J.
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"Government Spending in a Growing Economy, Fiscal Policy and Growth Cycles" [PDF]
Based on neoclassical theory, cutting budget deficits has come to be seen as a principal way to increase long-run growth, but the empirical evidence is ambiguous on the outcome of this macropolicy.
Jamee K. Moudud
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