is associated with a fall in output growth and a recovery thereafter, while for reversal events there is no systematic … evidence of a growth slowdown. …

We consider a neoclassical growth model with endogenous corruption. Corruption and wealth, which are co-determined in … corruption, and if indeed as suggested by a number of empirical studies corruption hampers growth, then how did rich countries … corruption on wealth depends on the economy’s degree of openness using cross-country data. …

Cross-country evidence is presented on resource dependence and the link between volatility and growth. First, growth … depends negatively on volatility of unanticipated output growth independent of initial income per capita, the average … investment share, initial human capital, trade openness, the national income share of natural resource exports and population …

markets. In line with a large recent literature, it is reasonable to expect that financial integration will have a ‘growth … dividend’ in Europe. This Paper attempts to quantify this growth dividend, using both industry and firm-level data to estimate … the empirical relationship between financial market development and growth, and to gauge how it will distribute itself …

financial integration in terms of economic growth than other developing countries in the years preceding the current crisis. We …

We review the theoretical links between growth and agglomeration. Growth, in the form of innovation, can be at the … could lead to catastrophic agglomeration. The growth analog to this result is that the introduction of endogenous growth in … results are easier to derive from the analytical point of view in the endogenous growth version. We show that the relation …

. Rather than being a key condition for subsequent growth, gains in market efficiency and growth might have occurred … simultaneously. We discuss the implications of these findings for a number of explanations for long-run growth and the Industrial …

-term income growth rates. Under perfect capital mobility, international differences in taxes will not matter for total growth … differentials. Policy differences have a role to play in per capita growth differentials, however, when they lead to a divergence in … this is the case, how tax differences affect the growth rates of population and human capital will depend on the relative …

the observed cross-country diversity in the long-run rates of growth of per capita and total incomes as well as the … population growth rates. Corroborative evidence is found for the theoretical results on the convergence/divergence in long …-term population, per capita and total income growth rates obtained in Razin and Yuen (1992). In particular, the data (and casual …