services and the budget share of services rises. Higher productivity growth in the market sector pushes up the tax rate and …

Policy reforms aimed at boosting long-run growth often have side effects – positive or negative – on an economy … reconsideration of the role growth-promoting policies play in shaping the vulnerability and resilience of an economy to macroeconomic … growth – contained in Going for Growth and the Economic Outlook – and attempts to establish whether they underpin …

This paper investigates the impact of public expenditures and taxation on economic growth using panel data for a sample … of OECD countries. The empirical results suggest that fiscal policy influences growth through three main channels. First …

This paper describes a simple model of technology adoption which combines the two engines of growth emphasized in the … recent growth literature: human capital accumulation and technological progress. Our model economy does not create new … various standard results on the effects of economic policy on the rate of growth. …

of growth. We employ historical data, recent cross-section data, and newly constructed public investment series. Our main … consistently correlated with growth while the effects of taxation are difficult to isolate empirically. …

economic growth in the Kingdom of Bahrain. Oil revenues are the main source of financing government expenditures and imports of … infrastructure. In this paper, we investigate whether the huge government spending has enhanced the pace of economic growth or not … results suggest that oil revenues remain the principal source for growth and the main channel which finance the government …