between economic policies and the growth record is examined. Although a gradual reduction in macroeconomic distortions was …-market allocation of resources and allowed Spain to accelerating growth and catching up with Western Europe. Without the 1959 Plan, per …

finance higher investment and growth; (ii) insure against aggregate shocks and reduce consumption volatility; and (iii … capital flows, investment, and growth; (ii) large capital inflows and higher investment and growth; or (iii) volatile capital …

To what extent has Sub-Saharan Africa’s slow economic growth over the past five decades been due to price and trade … distortions respond to economic growth, using rainfall and international commodity price shocks as instrumental variables. We find … on the growth rate of Sub-Saharan African countries. Our fixed effects estimates suggest that, during 1960-2005, a one …

capital varieties is less then infinity, but more than the value that would generate endogenous growth. This production … the relatively slow speed of convergence documented in the growth literature. Calibrating the model, our results are that …

FDI has received surprisingly little attention in theoretical and empirical work on openness and growth. This paper … presents a theoretical growth model where MNCs directly affect the endogenous growth rate via technological spillovers. This is … novel since other endogenous growth models with MNCs, e.g. the Grossman-Helpman model, assume away the knowledge …

This essay investigates the determinants of the growth performance of Africa. I start by illustrating a broader … institutional development. After reporting results from standard growth regressions, I analyze the role of Africa’s peculiar history …, which has been marked by its colonization experience. Next I discuss the potential growth impact of state fragility, a …

We analyze the relationship between legal institutions, innovation and growth. We compare a rigid (law set ex … welfare, amount of innovation and output growth at intermediate stages of technological development — periods when legal … excessive (greater than first-best) R&D investment and output growth. …