Details about Jakob B. Madsen

E-mail:
Homepage:	https://research-repository.uwa.edu.au/en/persons/00031798
Phone:	+61-8 6488 7361
Postal address:	Department of Economics University of Western Australia 35 Sterling Hwy. Crawley 6009 WA Australia
Workplace:	Department of Economics, Monash Business School, Monash University, (more information at EDIRC) Department of Economics, Business School, University of Western Australia, (more information at EDIRC)

Access statistics for papers by Jakob B. Madsen.

Last updated 2025-04-09. Update your information in the RePEc Author Service.

Short-id: pma412

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Working Papers

2024

1. The Aging Society: Is Growth Reverting to Pre-Industrial Levels in the 21st Century?
   CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University
   See also Journal Article The aging society: Is growth reverting to pre-industrial levels in the 21st century?, Journal of Economic Behavior & Organization, Elsevier (2025) (2025)

2023

2. Long-Run Movements in Real Exchange Rates: 1264 to 2020
   Essex Finance Centre Working Papers, University of Essex, Essex Business School
3. Wars, Education and Economic Development
   CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University

2022

4. Lives Versus Livelihoods in the Middle Ages: The Impact of the Plague on Markets over 400 Years
   CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University

2021

5. The long-run investment effect of taxation in OECD countries
   National Institute of Economic and Social Research (NIESR) Discussion Papers, National Institute of Economic and Social Research View citations (2)
   See also Journal Article The long‐run investment effect of taxation in OECD countries, Economica, London School of Economics and Political Science (2023) View citations (1) (2023)

2020

6. Interorganizational learning: a bibliometric review and research agenda
   Post-Print, HAL View citations (3)
7. Technological change and inequality in the very long run
   University of Göttingen Working Papers in Economics, University of Goettingen, Department of Economics View citations (8)
   See also Journal Article Technological change and inequality in the very long run, European Economic Review, Elsevier (2020) View citations (6) (2020)
8. Testing unified growth theory: Technological progress and the child quantity-quality tradeoff
   University of Göttingen Working Papers in Economics, University of Goettingen, Department of Economics View citations (2)
   See also Journal Article Testing unified growth theory: Technological progress and the child quantity‐quality tradeoff, Quantitative Economics, Econometric Society (2023) View citations (4) (2023)

2019

9. Malthus Was Right: Explaining a Millennium of Stagnation
   Economics Discussion / Working Papers, The University of Western Australia, Department of Economics View citations (16)
   See also Journal Article Malthus was right: Explaining a millennium of stagnation, European Economic Review, Elsevier (2019) View citations (14) (2019)

2018

10. Is Inequality Increasing in r-g? The Dynamics of Capital’s Income Share in the UK, 1210-2013
    Discussion paper series, Hitotsubashi Institute for Advanced Study, Hitotsubashi University
11. Wealth inequality in the long run: A Schumpeterian growth perspective
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University View citations (6)
    See also Journal Article Wealth Inequality in the Long Run: A Schumpeterian Growth Perspective, The Economic Journal, Royal Economic Society (2021) View citations (11) (2021)

2017

12. Is inequality increasing in r-g? Piketty’s principle of capitalist economics and the dynamics of inequality in Britain, 1210-2013
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University View citations (7)

2016

13. Does Inequality Constrain the Power to Tax? Evidence from the OECD
    Monash Economics Working Papers, Monash University, Department of Economics View citations (3)
    See also Journal Article Does inequality constrain the power to tax? Evidence from the OECD, European Journal of Political Economy, Elsevier (2018) View citations (12) (2018)
14. Human Accomplishment and Growth in Britain since 1270: The Role of Great Scientists and Education
    Monash Economics Working Papers, Monash University, Department of Economics View citations (3)
15. Inequality, Financial Development and Economic Growth in the OECD, 1870-2011
    Monash Economics Working Papers, Monash University, Department of Economics View citations (6)
    See also Journal Article Inequality, financial development and economic growth in the OECD, 1870–2011, European Economic Review, Elsevier (2018) View citations (59) (2018)
16. The Rise and Fall of Exceptional Australian Incomes since 1800
    Discussion Papers in Environment and Development Economics, University of St. Andrews, School of Geography and Sustainable Development View citations (8)
    See also Journal Article The Rise and Fall of Exceptional Australian Incomes Since 1800, Australian Economic History Review, Economic History Society of Australia and New Zealand (2017) View citations (2) (2017)
17. WEALTH AND INEQUALITY IN EIGHT CENTURIES OF BRITISH CAPITALISM
    Monash Economics Working Papers, Monash University, Department of Economics View citations (3)

2015

18. Assessing Piketty’s laws of capitalism
    Monash Economics Working Papers, Monash University, Department of Economics View citations (2)
19. Barriers to Prosperity: Parasitic and Infectious Diseases, IQ and Economic Development
    Monash Economics Working Papers, Monash University, Department of Economics View citations (1)
    See also Journal Article Barriers to Prosperity: Parasitic and Infectious Diseases, IQ, and Economic Development, World Development, Elsevier (2016) View citations (8) (2016)
20. Inflation Targeting and Inflation Persistence
    Centre for Growth and Business Cycle Research Discussion Paper Series, Economics, The University of Manchester View citations (15)
    Also in Economics and Finance Discussion Papers, Economics and Finance Section, School of Social Sciences, Brunel University (2002)
    Public Policy Discussion Papers, Economics and Finance Section, School of Social Sciences, Brunel University (2002)
    See also Journal Article Inflation Targeting and Inflation Persistence, Economic and Political Studies, Taylor & Francis Journals (2015) View citations (14) (2015)

2014

21. Finance-Led Growth in the OECD since the 19th century: How Does Financial Development Transmit To Growth?
    Economic Growth Centre Working Paper Series, Nanyang Technological University, School of Social Sciences, Economic Growth Centre View citations (2)

2013

22. Medium-term Fluctuations and the "Great Ratios" of Economic Growth
    Discussion Papers, University of Copenhagen. Department of Economics View citations (3)
    See also Journal Article Medium-term fluctuations and the “Great Ratios” of economic growth, Journal of Macroeconomics, Elsevier (2016) View citations (5) (2016)
23. THE ASIAN GROWTH MIRACLE: FACTOR ACCUMULATION, THE DEMOGRAPHIC TRANSITION AND R&D-DRIVEN GROWTH
    Monash Economics Working Papers, Monash University, Department of Economics View citations (2)
24. The First Great Divergence and the Evolution of Cross-Country Income Inequality during the Last Millennium: the Role of Institutions and Culture
    Monash Economics Working Papers, Monash University, Department of Economics View citations (3)
    See also Journal Article The first Great Divergence and the evolution of cross-country income inequality during the last millennium: the role of institutions and culture, Applied Economics, Taylor & Francis Journals (2013) View citations (3) (2013)

2012

25. Health, Human Capital Formation and Knowledge Production: Two Centuries of International Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
    See also Journal Article HEALTH, HUMAN CAPITAL FORMATION AND KNOWLEDGE PRODUCTION: TWO CENTURIES OF INTERNATIONAL EVIDENCE, Macroeconomic Dynamics, Cambridge University Press (2016) View citations (16) (2016)
26. IMITATION VERSUS INNOVATION IN AN AGING SOCIETY: INTERNATIONAL EVIDENCE SINCE 1870
    Monash Economics Working Papers, Monash University, Department of Economics
    See also Journal Article Imitation versus innovation in an aging society: international evidence since 1870, Journal of Population Economics, Springer (2015) View citations (12) (2015)
27. INTERNATIONAL R&D SPILLOVERS AND PRODUCTIVITY TRENDS IN THE ASIAN MIRACLE ECONOMIES
    Monash Economics Working Papers, Monash University, Department of Economics View citations (8)
    See also Journal Article INTERNATIONAL R&D SPILLOVERS AND PRODUCTIVITY TRENDS IN THE ASIAN MIRACLE ECONOMIES, Economic Inquiry, Western Economic Association International (2013) View citations (44) (2013)
28. RISK CAPITAL, PRIVATE CREDIT AND INNOVATIVE PRODUCTION
    Monash Economics Working Papers, Monash University, Department of Economics View citations (11)
    See also Journal Article Risk capital, private credit, and innovative production, Canadian Journal of Economics, Canadian Economics Association (2012) View citations (11) (2012)
29. Trends and Cycles in Real Commodity Prices: 1650-2010
    CEH Discussion Papers, Centre for Economic History, Research School of Economics, Australian National University View citations (4)
30. WEALTH EFFECTS IN CONSUMPTION: THE FINANCIAL ACCELERATOR AND BANKS’ WILLINGNESS TO LEND
    Monash Economics Working Papers, Monash University, Department of Economics

2011

31. A Repayment Model of House Prices
    Monash Economics Working Papers, Monash University, Department of Economics View citations (3)
32. A q Model of House Prices
    Monash Economics Working Papers, Monash University, Department of Economics View citations (7)
33. Cycles and Corporate Investment: Direct Tests Using Survey Data on Banks’ Lending Practices
    Monash Economics Working Papers, Monash University, Department of Economics View citations (1)
34. House prices, credit and willingness to lend
    Working Papers, Deakin University, Department of Economics View citations (6)
    Also in Monash Economics Working Papers, Monash University, Department of Economics (2009) View citations (4)
    See also Journal Article House Prices, Credit and Willingness to Lend, The Economic Record, The Economic Society of Australia (2011) View citations (6) (2011)

2010

35. Can Second-Generation Endogenous Growth Models Explain The Productivity Trends and Knowledge Production In the Asian Miracle Economies?
    Monash Economics Working Papers, Monash University, Department of Economics View citations (6)
    Also in CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2010) View citations (5)
    MPRA Paper, University Library of Munich, Germany (2009) View citations (3)
    See also Journal Article Can Second-Generation Endogenous Growth Models Explain the Productivity Trends and Knowledge Production in the Asian Miracle Economies?, The Review of Economics and Statistics, MIT Press (2011) View citations (125) (2011)
36. Catching Up to the Technology Frontier: The Dichotomy between Innovation and Imitation
    MPRA Paper, University Library of Munich, Germany View citations (65)
    Also in CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2009) View citations (2)
    See also Journal Article Catching up to the technology frontier: the dichotomy between innovation and imitation, Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons (2010) View citations (62) (2010)
37. Four Centuries of British Economic Growth: The Roles of Technology and Population
    Development Research Unit Working Paper Series, Monash University, Department of Economics View citations (71)
    Also in CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2010) View citations (78)
    MPRA Paper, University Library of Munich, Germany (2010) View citations (93)
    See also Journal Article Four centuries of British economic growth: the roles of technology and population, Journal of Economic Growth, Springer (2010) View citations (95) (2010)
38. INNOVATION, TECHNOLOGICAL CHANGE AND THE BRITISH AGRICULTURAL REVOLUTION
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University View citations (6)
39. Long-Run Convergence in Manufacturing and Innovation-Based Models
    Monash Economics Working Papers, Monash University, Department of Economics View citations (1)
    See also Journal Article Long-Run Convergence in Manufacturing and Innovation-Based Models, The Review of Economics and Statistics, MIT Press (2011) View citations (14) (2011)
40. The Nexus between Schooling and Growth: International Evidence since 1870
    Monash Economics Working Papers, Monash University, Department of Economics

2009

41. GROWTH AND CAPITAL DEEPENING SINCE 1870: IS IT ALL TECHNOLOGICAL PROGRESS?*
    Monash Economics Working Papers, Monash University, Department of Economics View citations (3)
    See also Journal Article Growth and capital deepening since 1870: Is it all technological progress?, Journal of Macroeconomics, Elsevier (2010) View citations (16) (2010)
42. THE INDIAN GROWTH MIRACLE AND ENDOGENOUS GROWTH
    Monash Economics Working Papers, Monash University, Department of Economics View citations (14)
    Also in Monash Economics Working Papers, Monash University, Department of Economics (2008) View citations (5)
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2008) View citations (13)
    See also Journal Article The Indian growth miracle and endogenous growth, Journal of Development Economics, Elsevier (2010) View citations (60) (2010)
43. The Anatomy of Growth in the OECD since 1870: the Transformation from the Post-Malthusian Growth Regime to the Modern Growth Epoch
    Monash Economics Working Papers, Monash University, Department of Economics View citations (3)

2008

44. IS THE OUTPUT-CAPITAL RATIO CONSTANT IN THE VERY LONG RUN?
    Monash Economics Working Papers, Monash University, Department of Economics View citations (2)
    See also Journal Article IS THE OUTPUT–CAPITAL RATIO CONSTANT IN THE VERY LONG RUN?, Manchester School, University of Manchester (2012) View citations (9) (2012)
45. TRADE BARRIERS, OPENNESS, AND ECONOMIC GROWTH
    Monash Economics Working Papers, Monash University, Department of Economics View citations (5)
    See also Journal Article Trade Barriers, Openness, and Economic Growth, Southern Economic Journal, John Wiley & Sons (2009) View citations (8) (2009)

2007

46. ECONOMIC GROWTH, TFP CONVERGENCE AND WORLD EXPORTS OF IDEAS: A CENTURY OF EVIDENCE
    Monash Economics Working Papers, Monash University, Department of Economics View citations (2)
    See also Journal Article Economic Growth, TFP Convergence and the World Export of Ideas: A Century of Evidence, Scandinavian Journal of Economics, Wiley Blackwell (2008) View citations (53) (2008)
47. SEMI-ENDOGENOUS VERSUS SCHUMPETERIAN GROWTH MODELS: TESTING THE KNOWLEDGE PRODUCTION FUNCTION USING INTERNATIONAL DATA
    Monash Economics Working Papers, Monash University, Department of Economics View citations (17)
    See also Journal Article Semi-endogenous versus Schumpeterian growth models: testing the knowledge production function using international data, Journal of Economic Growth, Springer (2008) View citations (233) (2008)

2006

48. Are there Diminishing Returns to R&D?
    EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics View citations (9)
    See also Journal Article Are there diminishing returns to R&D?, Economics Letters, Elsevier (2007) View citations (29) (2007)

2005

49. THE PRICE-DIVIDEND RELATIONSHIP IN INFLATIONARY AND DEFLATIONARY REGIMES
    Econometrics, University Library of Munich, Germany View citations (4)
    Also in Working Papers, Department of Economics, City University London (2003)
    Keele Economics Research Papers, Centre for Economic Research, Keele University (2005)
    See also Journal Article The price-dividend relationship in inflationary and deflationary regimes, Finance Research Letters, Elsevier (2005) View citations (4) (2005)
50. Technology Spillover through Trade and TFP Convergence: 120 Years of Evidence for the OECD Countries
    EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics View citations (3)

2004

51. Equity Prices, Productivity Growth and 'The New Economy
    FRU Working Papers, University of Copenhagen. Department of Economics. Finance Research Unit
    Also in Economics and Finance Discussion Papers, Economics and Finance Section, School of Social Sciences, Brunel University (2003)
    Public Policy Discussion Papers, Economics and Finance Section, School of Social Sciences, Brunel University (2003)
    EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics (2004)
    See also Journal Article Equity Prices, Productivity Growth and 'The New Economy', Economic Journal, Royal Economic Society (2006) View citations (38) (2006)
52. Pitfalls in Estimates of Relationship between Share Returns and Inflation
    FRU Working Papers, University of Copenhagen. Department of Economics. Finance Research Unit
53. THE EQUITY PREMIUM
    Public Policy Discussion Papers, Economics and Finance Section, School of Social Sciences, Brunel University
    Also in Economics and Finance Discussion Papers, Economics and Finance Section, School of Social Sciences, Brunel University (2004)
54. Technological Revolutions, Innovations, and Trade Performance
    EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics View citations (2)
55. The Equity Premium Puzzle and the Ex Post Bias
    FRU Working Papers, University of Copenhagen. Department of Economics. Finance Research Unit View citations (3)
    See also Journal Article The equity premium puzzle and the ex post bias, Applied Financial Economics, Taylor & Francis Journals (2009) View citations (3) (2009)
56. Unemployment in the OECD: Models and Mysteries
    IZA Discussion Papers, Institute of Labor Economics (IZA) View citations (11)

2003

57. Earnings-Related Unemployment Benefits in a Unionised Economy
    IZA Discussion Papers, Institute of Labor Economics (IZA)
58. The Dynamic Interaction between Equity Prices and Supply Shocks
    EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics
59. The Equity Risk Premium and the Required Share Returns in a Tobin’s q Model
    EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics
60. The Macroeconomics of Share Prices in the Medium Term and in the Long Run
    EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics

2002

61. The Dynamics of Income Shares and the Wage Curve-Phillips Curve Controversy
    Royal Economic Society Annual Conference 2002, Royal Economic Society View citations (2)

1997

62. Asymmetric price adjustment in a men-cost model
    Economics Discussion / Working Papers, The University of Western Australia, Department of Economics
    See also Journal Article Asymmetric price adjustment in a menu-cost model, Journal of Economics, Springer (1998) View citations (23) (1998)
63. Forecasts with production expectations integrated into a macroeconomic model
    Discussion Papers (REL - Recherches Economiques de Louvain), Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)

1994

64. Unemployment in the OECD: Models, Myths and Mysteries
    Working Papers, Australian National University - Department of Economics View citations (3)

1991

65. Accounting for Supply, Integration and Income in Foreign Trade
    Working Papers, Australian National University - Department of Economics View citations (5)
66. Can the Real Wage Gap Explain the Unemployment and the Employment Path in 22 OECD Countries?
    Working Papers, Australian National University - Department of Economics
67. Formation of Production Expectations in Manufacturing Industry for Nine Industrialized Countries
    Working Papers, Australian National University - Department of Economics
    See also Journal Article The Formation of Production Expectations in Manufacturing Industry for Nine Industrialized Countries, Empirical Economics, Springer (1993) View citations (4) (1993)
68. Labour Demand Under Different Technology Assumptions
    Working Papers, Australian National University - Department of Economics
69. Wage Gap and Technology
    Working Papers, Australian National University - Department of Economics
    See also Journal Article Wage Gap and Technology, Kyklos, Wiley Blackwell (1994) View citations (2) (1994)

1990

70. IS THE FORWARD MARKET STILL INEFFICIENT?
    Working Papers, Australian National University - Department of Economics View citations (1)

Journal Articles

2025

1. The aging society: Is growth reverting to pre-industrial levels in the 21st century?
   Journal of Economic Behavior & Organization, 2025, 229, (C)
   See also Working Paper The Aging Society: Is Growth Reverting to Pre-Industrial Levels in the 21st Century?, CAMA Working Papers (2024) (2024)

2024

2. Declining research productivity and income inequality: A centenary perspective
   Journal of Economic Dynamics and Control, 2024, 167, (C) View citations (1)
3. Inequality and the Industrial Revolution
   European Economic Review, 2024, 164, (C)
4. Lives versus livelihoods in the middle ages: The impact of the plague on trade over 400 years
   European Economic Review, 2024, 162, (C) View citations (2)
5. Markups, Tobin's q, and the Increasing Capital Share
   Journal of Money, Credit and Banking, 2024, 56, (2-3), 569-587 View citations (1)
6. The mystery of misreported trade: A novel method to identify distorted trade figures
   The World Economy, 2024, 47, (2), 748-778

2023

7. Testing unified growth theory: Technological progress and the child quantity‐quality tradeoff
   Quantitative Economics, 2023, 14, (1), 235-275 View citations (4)
   See also Working Paper Testing unified growth theory: Technological progress and the child quantity-quality tradeoff, University of Göttingen Working Papers in Economics (2020) View citations (2) (2020)
8. The long‐run investment effect of taxation in OECD countries
   Economica, 2023, 90, (358), 584-611 View citations (1)
   See also Working Paper The long-run investment effect of taxation in OECD countries, National Institute of Economic and Social Research (NIESR) Discussion Papers (2021) View citations (2) (2021)
9. Trade and economic growth: Does the sophistication of traded goods matter?
   Journal of Economic Growth, 2023, 28, (4), 481-524 View citations (4)

2021

10. Adjusting a finite population block kriging estimator for imperfect detection
    Environmetrics, 2021, 32, (1)
11. Physiological constraints and the transition to growth: implications for comparative development
    Journal of Economic Growth, 2021, 26, (3), 241-289 View citations (5)
12. Rice farming, culture and democracy
    European Economic Review, 2021, 136, (C) View citations (5)
13. Social disorganization theory and crime in the advanced countries: Two centuries of evidence
    Journal of Economic Behavior & Organization, 2021, 191, (C), 519-537 View citations (1)
14. Wealth Inequality in the Long Run: A Schumpeterian Growth Perspective
    (The race between man and machine: implications of technology for growth, factor shares, and employment)
    The Economic Journal, 2021, 131, (633), 476-497 View citations (11)
    See also Working Paper Wealth inequality in the long run: A Schumpeterian growth perspective, CAMA Working Papers (2018) View citations (6) (2018)
15. When are instruments generated from geographic characteristics in bilateral relationships invalid?
    Journal of Applied Econometrics, 2021, 36, (4), 437-452 View citations (2)

2020

16. Correlations of fatigue in Danish patients with rheumatoid arthritis, psoriatic arthritis and spondyloarthritis
    PLOS ONE, 2020, 15, (8), 1-14
17. Culture and management control interdependence: An analysis of control choices that complement the delegation of authority in Western cultural regions
    Accounting, Organizations and Society, 2020, 86, (C) View citations (8)
18. Dynamics Parametrization and Calibration of Flexible-Joint Collaborative Industrial Robot Manipulators
    Mathematical Problems in Engineering, 2020, 2020, 1-13
19. Rallying around the flag in times of COVID-19: Societal lockdown and trust in democratic institutions
    Journal of Behavioral Public Administration, 2020, 3, (2) View citations (26)
20. Technological change and inequality in the very long run
    European Economic Review, 2020, 129, (C) View citations (6)
    See also Working Paper Technological change and inequality in the very long run, University of Göttingen Working Papers in Economics (2020) View citations (8) (2020)
21. The evolution of a management control package: a retrospective case study
    Journal of Applied Accounting Research, 2020, 21, (4), 763-781 View citations (2)
22. Unlocking energy flexibility of municipal wastewater aeration using predictive control to exploit price differences in power markets
    Applied Energy, 2020, 280, (C) View citations (6)
23. Was the post-1870 fertility transition a key contributor to growth in the West in the twentieth century?
    Journal of Economic Growth, 2020, 25, (4), 431-454 View citations (11)

2019

24. Malthus was right: Explaining a millennium of stagnation
    European Economic Review, 2019, 118, (C), 51-68 View citations (14)
    See also Working Paper Malthus Was Right: Explaining a Millennium of Stagnation, Economics Discussion / Working Papers (2019) View citations (16) (2019)
25. Wealth and inequality over eight centuries of British capitalism
    Journal of Development Economics, 2019, 138, (C), 246-260 View citations (9)

2018

26. Assessing Piketty’s second law of capitalism
    Oxford Economic Papers, 2018, 70, (1), 1-21 View citations (6)
27. Communicating plant genetic resources for food and agriculture to the public—A study of grant-receivers with demonstration-projects in the Danish Rural Development Programme
    Land Use Policy, 2018, 77, (C), 512-523
28. Does inequality constrain the power to tax? Evidence from the OECD
    European Journal of Political Economy, 2018, 52, (C), 1-17 View citations (12)
    See also Working Paper Does Inequality Constrain the Power to Tax? Evidence from the OECD, Monash Economics Working Papers (2016) View citations (3) (2016)
29. HEALTH-LED GROWTH SINCE 1800
    Macroeconomic Dynamics, 2018, 22, (4), 961-1000 View citations (5)
30. Inequality, financial development and economic growth in the OECD, 1870–2011
    European Economic Review, 2018, 101, (C), 605-624 View citations (59)
    See also Working Paper Inequality, Financial Development and Economic Growth in the OECD, 1870-2011, Monash Economics Working Papers (2016) View citations (6) (2016)
31. International Technology Spillovers and Growth over the Past 142 Years: The Role of Genetic Proximity
    Economica, 2018, 85, (338), 329-359 View citations (9)
32. Knowledge diffusion and agricultural development
    Agricultural Economics, 2018, 49, (2), 265-276 View citations (4)
33. What Has Driven the Great Fertility Decline in Developing Countries since 1960?
    Journal of Development Studies, 2018, 54, (4), 738-757 View citations (10)

2017

34. British economic growth since 1270: the role of education
    Journal of Economic Growth, 2017, 22, (3), 229-272 View citations (38)
35. Differentiating Modes of Inquiry
    Current Trends in Biomedical Engineering & Biosciences, 2017, 9, (5), 96-97
36. Effort-Reward Imbalance at Work and Incident Coronary Heart Disease: A Multi-Cohort Study of 90,164 Individuals
    EconStor Open Access Articles and Book Chapters, 2017, 28, (4), 619-626 View citations (10)
37. Industry diversity, competition and firm relatedness: the impact on employment before and after the 2008 global financial crisis
    Regional Studies, 2017, 51, (12), 1801-1814 View citations (4)
38. Long-Run Commodity Prices, Economic Growth, and Interest Rates: 17th Century to the Present Day
    World Development, 2017, 89, (C), 57-70 View citations (22)
39. The Rise and Fall of Exceptional Australian Incomes Since 1800
    Australian Economic History Review, 2017, 57, (3), 264-290 View citations (2)
    See also Working Paper The Rise and Fall of Exceptional Australian Incomes since 1800, Discussion Papers in Environment and Development Economics (2016) View citations (8) (2016)
40. The creation of effective states in the OECD since 1870: The role of inequality
    European Journal of Political Economy, 2017, 50, (C), 106-121 View citations (7)
41. The immigration–unemployment nexus: do education and Protestantism matter?
    Oxford Economic Papers, 2017, 69, (1), 165-188

2016

42. Barriers to Prosperity: Parasitic and Infectious Diseases, IQ, and Economic Development
    World Development, 2016, 78, (C), 172-187 View citations (8)
    See also Working Paper Barriers to Prosperity: Parasitic and Infectious Diseases, IQ and Economic Development, Monash Economics Working Papers (2015) View citations (1) (2015)
43. Exploring the widening food gap: an international perspective
    Agricultural Economics, 2016, 47, (6), 645-659 View citations (6)
44. Finance-Led Growth in the OECD since the Nineteenth Century: How Does Financial Development Transmit to Growth?
    The Review of Economics and Statistics, 2016, 98, (3), 552-572 View citations (65)
45. HEALTH, HUMAN CAPITAL FORMATION AND KNOWLEDGE PRODUCTION: TWO CENTURIES OF INTERNATIONAL EVIDENCE
    Macroeconomic Dynamics, 2016, 20, (4), 909-953 View citations (16)
    See also Working Paper Health, Human Capital Formation and Knowledge Production: Two Centuries of International Evidence, NBER Working Papers (2012) View citations (14) (2012)
46. Has the capital accumulation in the Asian miracle economies been fuelled by growth?
    Applied Economics, 2016, 48, (34), 3175-3194 View citations (1)
47. Medium-term fluctuations and the “Great Ratios” of economic growth
    Journal of Macroeconomics, 2016, 49, (C), 149-176 View citations (5)
    See also Working Paper Medium-term Fluctuations and the "Great Ratios" of Economic Growth, Discussion Papers (2013) View citations (3) (2013)

2015

48. Does democracy drive income in the world, 1500–2000?
    European Economic Review, 2015, 78, (C), 175-195 View citations (49)
49. Export performance of the Asian miracle economies: The role of innovation and product variety
    Canadian Journal of Economics/Revue canadienne d'économique, 2015, 48, (1), 273-309 View citations (6)
    Also in Canadian Journal of Economics, 2015, 48, (1), 273-309 (2015) View citations (6)
50. Gold and silver mining in the 16th and 17th centuries, land titles and agricultural productivity
    European Journal of Political Economy, 2015, 39, (C), 150-166
51. Imitation versus innovation in an aging society: international evidence since 1870
    Journal of Population Economics, 2015, 28, (2), 299-327 View citations (12)
    See also Working Paper IMITATION VERSUS INNOVATION IN AN AGING SOCIETY: INTERNATIONAL EVIDENCE SINCE 1870, Monash Economics Working Papers (2012) (2012)
52. Inflation Targeting and Inflation Persistence
    Economic and Political Studies, 2015, 3, (1), 3-17 View citations (14)
    See also Working Paper Inflation Targeting and Inflation Persistence, Centre for Growth and Business Cycle Research Discussion Paper Series (2015) View citations (15) (2015)
53. Is income inequality persistent? Evidence using panel stationarity tests, 1870–2011
    Economics Letters, 2015, 127, (C), 17-19 View citations (16)
54. WHAT DRIVES IDEAS PRODUCTION ACROSS THE WORLD?
    Macroeconomic Dynamics, 2015, 19, (1), 79-115 View citations (29)

2014

55. Human Capital and the World Technology Frontier
    The Review of Economics and Statistics, 2014, 96, (4), 676-692 View citations (47)
56. QUALITY-ADJUSTED HUMAN CAPITAL AND PRODUCTIVITY GROWTH
    Economic Inquiry, 2014, 52, (2), 757-777 View citations (23)

2013

57. INTERNATIONAL R&D SPILLOVERS AND PRODUCTIVITY TRENDS IN THE ASIAN MIRACLE ECONOMIES
    Economic Inquiry, 2013, 51, (2), 1523-1541 View citations (44)
    See also Working Paper INTERNATIONAL R&D SPILLOVERS AND PRODUCTIVITY TRENDS IN THE ASIAN MIRACLE ECONOMIES, Monash Economics Working Papers (2012) View citations (8) (2012)
58. Innovation and Productivity Advances in British Agriculture: 1620–1850
    Southern Economic Journal, 2013, 80, (1), 162-186
59. Introduction by this Special Issue's Editors
    The Economic Record, 2013, 89, 1-1
60. Long-run growth empirics and new challenges for unified theory
    Applied Economics, 2013, 45, (28), 3973-3987 View citations (11)
61. Stock returns and economic growth
    Applied Economics, 2013, 45, (10), 1257-1271 View citations (7)
62. The first Great Divergence and the evolution of cross-country income inequality during the last millennium: the role of institutions and culture
    Applied Economics, 2013, 45, (33), 4641-4650 View citations (3)
    See also Working Paper The First Great Divergence and the Evolution of Cross-Country Income Inequality during the Last Millennium: the Role of Institutions and Culture, Monash Economics Working Papers (2013) View citations (3) (2013)
63. The housing slump and the great depression in the USA
    Cliometrica, Journal of Historical Economics and Econometric History, 2013, 7, (1), 15-35 View citations (1)

2012

64. A behavioral model of house prices
    Journal of Economic Behavior & Organization, 2012, 82, (1), 21-38 View citations (22)
65. Credit cycles and corporate investment: Direct tests using survey data on banks’ lending practices
    Journal of Macroeconomics, 2012, 34, (2), 429-440 View citations (4)
66. IS THE OUTPUT–CAPITAL RATIO CONSTANT IN THE VERY LONG RUN?
    Manchester School, 2012, 80, (2), 210-236 View citations (9)
    See also Working Paper IS THE OUTPUT-CAPITAL RATIO CONSTANT IN THE VERY LONG RUN?, Monash Economics Working Papers (2008) View citations (2) (2008)
67. Risk capital, private credit, and innovative production
    Canadian Journal of Economics, 2012, 45, (4), 1608-1639 View citations (11)
    Also in Canadian Journal of Economics/Revue canadienne d'économique, 2012, 45, (4), 1608-1639 (2012) View citations (10)
    See also Working Paper RISK CAPITAL, PRIVATE CREDIT AND INNOVATIVE PRODUCTION, Monash Economics Working Papers (2012) View citations (11) (2012)
68. The Anatomy of the Asian Take-off
    Institutions and Economies (formerly known as International Journal of Institutions and Economies), 2012, 4, (2), 1-24
69. The equity premium and the required stock returns in a Tobin's q model with a stochastic discount factor
    Applied Economics, 2012, 44, (6), 683-694

2011

70. Can Second-Generation Endogenous Growth Models Explain the Productivity Trends and Knowledge Production in the Asian Miracle Economies?
    The Review of Economics and Statistics, 2011, 93, (4), 1360-1373 View citations (125)
    See also Working Paper Can Second-Generation Endogenous Growth Models Explain The Productivity Trends and Knowledge Production In the Asian Miracle Economies?, Monash Economics Working Papers (2010) View citations (6) (2010)
71. House Prices, Credit and Willingness to Lend
    The Economic Record, 2011, 87, (279), 537-557 View citations (6)
    See also Working Paper House prices, credit and willingness to lend, Working Papers (2011) View citations (6) (2011)
72. Long-Run Convergence in Manufacturing and Innovation-Based Models
    The Review of Economics and Statistics, 2011, 93, (4), 1155-1171 View citations (14)
    See also Working Paper Long-Run Convergence in Manufacturing and Innovation-Based Models, Monash Economics Working Papers (2010) View citations (1) (2010)
73. The effects of human capital composition on technological convergence
    Journal of Macroeconomics, 2011, 33, (3), 465-476 View citations (31)

2010

74. Catching up to the technology frontier: the dichotomy between innovation and imitation
    Canadian Journal of Economics/Revue canadienne d'économique, 2010, 43, (4), 1389-1411 View citations (62)
    Also in Canadian Journal of Economics, 2010, 43, (4), 1389-1411 (2010) View citations (69)
    See also Working Paper Catching Up to the Technology Frontier: The Dichotomy between Innovation and Imitation, MPRA Paper (2010) View citations (65) (2010)
75. Curse and Boon: Natural Resources and Long‐Run Growth in Currently Rich Economies
    The Economic Record, 2010, 86, (274), 311-328 View citations (19)
76. Four centuries of British economic growth: the roles of technology and population
    Journal of Economic Growth, 2010, 15, (4), 263-290 View citations (95)
    See also Working Paper Four Centuries of British Economic Growth: The Roles of Technology and Population, Development Research Unit Working Paper Series (2010) View citations (71) (2010)
77. Growth and capital deepening since 1870: Is it all technological progress?
    Journal of Macroeconomics, 2010, 32, (2), 641-656 View citations (16)
    See also Working Paper GROWTH AND CAPITAL DEEPENING SINCE 1870: IS IT ALL TECHNOLOGICAL PROGRESS?*, Monash Economics Working Papers (2009) View citations (3) (2009)
78. The Indian growth miracle and endogenous growth
    Journal of Development Economics, 2010, 93, (1), 37-48 View citations (60)
    See also Working Paper THE INDIAN GROWTH MIRACLE AND ENDOGENOUS GROWTH, Monash Economics Working Papers (2009) View citations (14) (2009)
79. The Prebisch-Singer Hypothesis: Four Centuries of Evidence
    The Review of Economics and Statistics, 2010, 92, (2), 367-377 View citations (161)
80. The anatomy of growth in the OECD since 1870
    Journal of Monetary Economics, 2010, 57, (6), 753-767 View citations (84)

2009

81. Myopic loss aversion, bond returns and the equity premium puzzle
    Applied Financial Economics, 2009, 19, (17), 1383-1390
82. THE DYNAMICS OF LABOUR'S INCOME SHARES AND THE WAGE CURVE–PHILLIPS CURVE CONTROVERSY
    Scottish Journal of Political Economy, 2009, 56, (1), 45-72 View citations (2)
83. THE MACROECONOMICS OF STOCK PRICES IN THE MEDIUM TERM AND IN THE LONG RUN*
    Manchester School, 2009, 77, (2), 127-152 View citations (1)
84. Taxes and the fundamental value of houses
    Regional Science and Urban Economics, 2009, 39, (3), 365-376 View citations (11)
85. The equity premium puzzle and the ex post bias
    Applied Financial Economics, 2009, 19, (2), 157-174 View citations (3)
    See also Working Paper The Equity Premium Puzzle and the Ex Post Bias, FRU Working Papers (2004) View citations (3) (2004)
86. Trade Barriers, Openness, and Economic Growth
    Southern Economic Journal, 2009, 76, (2), 397-418 View citations (8)
    See also Working Paper TRADE BARRIERS, OPENNESS, AND ECONOMIC GROWTH, Monash Economics Working Papers (2008) View citations (5) (2008)

2008

87. ARE LABOUR FORCE PARTICIPATION RATES NON‐STATIONARY? EVIDENCE FROM 130 YEARS FOR G7 COUNTRIES*
    Australian Economic Papers, 2008, 47, (2), 166-189 View citations (22)
88. Economic Growth, TFP Convergence and the World Export of Ideas: A Century of Evidence
    Scandinavian Journal of Economics, 2008, 110, (1), 145-167 View citations (53)
    See also Working Paper ECONOMIC GROWTH, TFP CONVERGENCE AND WORLD EXPORTS OF IDEAS: A CENTURY OF EVIDENCE, Monash Economics Working Papers (2007) View citations (2) (2007)
89. Innovations and manufacturing export performance in the OECD countries
    Oxford Economic Papers, 2008, 60, (1), 143-167 View citations (12)
90. Productivity and equity market fundamentals: 80 years of evidence for 11 OECD countries
    Journal of International Money and Finance, 2008, 27, (8), 1261-1283 View citations (5)
91. R&D, TECHNOLOGY SPILLOVERS AND STOCK PRICES†
    Pacific Economic Review, 2008, 13, (5), 620-631
92. Semi-endogenous versus Schumpeterian growth models: testing the knowledge production function using international data
    Journal of Economic Growth, 2008, 13, (1), 1-26 View citations (233)
    See also Working Paper SEMI-ENDOGENOUS VERSUS SCHUMPETERIAN GROWTH MODELS: TESTING THE KNOWLEDGE PRODUCTION FUNCTION USING INTERNATIONAL DATA, Monash Economics Working Papers (2007) View citations (17) (2007)

2007

93. Are there diminishing returns to R&D?
    Economics Letters, 2007, 95, (2), 161-166 View citations (29)
    See also Working Paper Are there Diminishing Returns to R&D?, EPRU Working Paper Series (2006) View citations (9) (2006)
94. Pitfalls in estimates of the relationship between stock returns and inflation
    Empirical Economics, 2007, 33, (1), 1-21 View citations (6)
95. Technology spillover through trade and TFP convergence: 135 years of evidence for the OECD countries
    Journal of International Economics, 2007, 72, (2), 464-480 View citations (188)

2006

96. Does inflation exaggerate the equity premium?
    Journal of Economic Studies, 2006, 33, (5), 344-356 View citations (2)
97. Employment and Total Factor Productivity Convergence
    Kyklos, 2006, 59, (4), 527-555 View citations (10)
98. Equity Prices, Productivity Growth and 'The New Economy'
    Economic Journal, 2006, 116, (513), 791-811 View citations (38)
    See also Working Paper Equity Prices, Productivity Growth and 'The New Economy, FRU Working Papers (2004) (2004)
99. Investment and Uncertainty: Precipitating the Great Depression in the United States
    Economica, 2006, 73, (291), 393-412 View citations (22)

2005

100. A CENTURY OF ECONOMIC GROWTH: THE SOCIAL RETURNS TO INVESTMENT IN EQUIPMENT AND STRUCTURES
     Manchester School, 2005, 73, (1), 101-122 View citations (5)
101. Empirical Estimates of the NAIRU
     LABOUR, 2005, 19, (3), 563-593 View citations (2)
102. Environmental Load from Dutch Private Consumption: How Much Damage Takes Place Abroad?
     Journal of Industrial Ecology, 2005, 9, (1‐2), 147-168 View citations (38)
103. The Fisher hypothesis and the interaction between share returns, inflation and supply shocks
     Journal of International Money and Finance, 2005, 24, (1), 103-120 View citations (10)
104. The price-dividend relationship in inflationary and deflationary regimes
     Finance Research Letters, 2005, 2, (4), 260-269 View citations (4)
     See also Working Paper THE PRICE-DIVIDEND RELATIONSHIP IN INFLATIONARY AND DEFLATIONARY REGIMES, Econometrics (2005) View citations (4) (2005)

2004

105. Institutinal Changes and Strike Activity in OECD-Countries: a Reply to Elke Jahn
     Homo Oeconomicus, 2004, 20, 429-436 View citations (1)
106. Labour Disputes in the Twentieth Century: an International Comparison and Evaluation of Theories
     Homo Oeconomicus, 2004, 20, 391-422 View citations (8)
107. Price and wage stickiness during the Great Depression
     European Review of Economic History, 2004, 8, (3), 263-295 View citations (9)

2003

108. Earnings-related unemployment benefits and unemployment
     Economic Systems, 2003, 27, (1), 41-62 View citations (9)
109. Equity prices, share price valuation, crashes and depressions
     Nationaløkonomisk tidsskrift, 2003, 2003, (1), 3-34
110. Inflation and Investment
     Scottish Journal of Political Economy, 2003, 50, (4), 375-397 View citations (17)

2002

111. Share returns and the Fisher hypothesis reconsidered
     Applied Financial Economics, 2002, 12, (8), 565-574 View citations (1)
112. The causality between investment and economic growth
     Economics Letters, 2002, 74, (2), 157-163 View citations (26)
113. The share market boom and the recent disinflation in the OECD countries: the tax-effects, the inflation-illusion and the risk-aversion hypotheses reconsidered1
     The Quarterly Review of Economics and Finance, 2002, 42, (1), 115-141

2001

114. A Model of Employment and Real Wages under Imperfect Competition
     Journal of Post Keynesian Economics, 2001, 24, (1), 165-178
115. AGRICULTURAL CRISES AND THE INTERNATIONAL TRANSMISSION OF THE GREAT DEPRESSION
     The Journal of Economic History, 2001, 61, (2), 327-365 View citations (8)
116. Consumption, liquidity constraints, uncertainty and temptation: An international comparison
     Journal of Economic Psychology, 2001, 22, (1), 61-89 View citations (1)
117. Disinflation, Real Income Uncertainty and the Demand for Consumer Durables in a Mean–Variance Model of Portfolio Selection
     Manchester School, 2001, 69, (2), 179-196 View citations (2)
118. Income Uncertainty and Consumer Spending during the Great Depression
     Explorations in Economic History, 2001, 38, (2), 225-251 View citations (25)
119. Integrating environmental and stakeholder management
     Business Strategy and the Environment, 2001, 10, (2), 77-88 View citations (38)
120. Labour Demand and Wage-induced Innovations: Evidence from the OECD countries
     International Review of Applied Economics, 2001, 15, (3), 323-334 View citations (4)
121. Trade Barriers and the Collapse of World Trade During the Great Depression
     Southern Economic Journal, 2001, 67, (4), 848-868 View citations (8)

2000

122. Direct Tests of the Permanent Income Hypothesis under Uncertainty, Inflationary Expectations and Liquidity Constraints
     Journal of Macroeconomics, 2000, 22, (2), 229-252 View citations (19)

1999

123. On errors in variable biases in estimates of export price elasticities
     Economics Letters, 1999, 63, (3), 313-319 View citations (3)

1998

124. Asymmetric price adjustment in a menu-cost model
     Journal of Economics, 1998, 68, (3), 295-309 View citations (23)
     See also Working Paper Asymmetric price adjustment in a men-cost model, Economics Discussion / Working Papers (1997) (1997)
125. Book review: Basic Econometrics, Damodar N. Gujarati, McGraw-Hill, New York, 1995
     Journal of Applied Econometrics, 1998, 13, (2), 209-212
126. Errors-in-variables, supply side effects, and price elasticities in foreign trade
     Review of World Economics (Weltwirtschaftliches Archiv), 1998, 134, (4), 612-637 View citations (7)
127. General Equilibrium Macroeconomic Models of Unemployment: Can They Explain the Unemployment Path in the OECD?
     Economic Journal, 1998, 108, (448), 850-67 View citations (44)
128. New Keynesian Versus New Classical Theories of Aggregate Supply: Evidence from the Oecd Countries
     Scottish Journal of Political Economy, 1998, 45, (3), 273-293 View citations (3)
129. The NAIRU and Classical Unemployment in the OECD Countries
     International Review of Applied Economics, 1998, 12, (2), 165-185 View citations (3)

1997

130. Macroeconomic Adjustment and Policy in South Africa
     Studies in Economics and Econometrics, 1997, 21, (2), 23-43
131. Tests of the Lucas supply curve with price expectational data
     Applied Economics Letters, 1997, 4, (3), 195-197 View citations (3)
132. The Inflation and Supply Side Consequences of Demand Side Shocks
     Australian Economic Papers, 1997, 36, (69), 265-82 View citations (1)

1996

133. Pricing-To-Market and the Efficiency of Macroeconomic Policies in Open Economies with Floating Exchange Rates
     Journal of Post Keynesian Economics, 1996, 19, (2), 225-242
134. The Macroeconomic Effects of a Switch from Direct to Indirect Taxes: An Empirical Assessment
     Scottish Journal of Political Economy, 1996, 43, (5), 566-78 View citations (6)

1995

135. Inflation and aggregate demand shocks
     Journal of Policy Modeling, 1995, 17, (6), 659-666

1994

136. Forecasts of inflation with price expectations
     Applied Economics Letters, 1994, 1, (6), 92-95
137. Tests of rationality versus an "over optimist" bias
     Journal of Economic Psychology, 1994, 15, (4), 587-599 View citations (4)
138. The Real Wage Gap and Unemployment in the OECD
     Australian Economic Papers, 1994, 33, (62), 96-106 View citations (4)
139. Wage Gap and Technology
     Kyklos, 1994, 47, (1), 95-108 View citations (2)
     See also Working Paper Wage Gap and Technology, Working Papers (1991) (1991)

1993

140. The Formation of Production Expectations in Manufacturing Industry for Nine Industrialized Countries
     Empirical Economics, 1993, 18, (3), 501-21 View citations (4)
     See also Working Paper Formation of Production Expectations in Manufacturing Industry for Nine Industrialized Countries, Working Papers (1991) (1991)

1991

141. Formation of production expectations under risk
     Journal of Economic Psychology, 1991, 12, (1), 101-119

Chapters

2004

1. THE LENGTH AND THE DEPTH OF THE GREAT DEPRESSION: AN INTERNATIONAL COMPARISON
   A chapter in Research in Economic History, 2004, pp 239-288

Editor

1. Monash Economics Working Papers
   Monash University, Department of Economics