turn, slowed down growth. In this essay a preliminary reconstruction of the balance of payments on current account allows … us to reject this view. In fact, a net capital inflow made possible to meet the demand for investment boosting economic …

of growth. We employ historical data, recent cross-section data, and newly constructed public investment series. Our main … influenced by the scale of the economy, measured by its population; and third, investment in transport and communication is … consistently correlated with growth while the effects of taxation are difficult to isolate empirically. …

boom as well. The effects of endogenous growth, adjustment costs for investment and non-Walrasian labour markets on these … than a lump-sum subsidy, both cutting public employment and cutting public spending on market goods induce an investment … boom. Making the tax system less progressive by cutting tax credits and the labour income tax rate induces an investment …

countries. The empirical evidence from cross-country growth regressions points to important transitional growth effects related … to trade policy reforms. The paper employs a simple growth model to examine these effects, formally developing the …

Analyzing a variety of cross-national and sub-national data, we argue that high adult mortality reduces economic growth … fertility, and lower investment in physical and human capital. Furthermore, the feedback effect from economic prosperity to … almost all of Africa's growth tragedy. Our analysis also underscores grim forecasts of the long-run economic costs of the …

favorable loan package; that it is associated with over-investment even when investment does not create collateral; and that low … sovereign is not a reliable measure of austerity suffered; and that austerity may actually be associated with higher growth. Our …

there is a relation in terms of both industry growth rates and shares of output devoted to R&D. Investment in R&D rather … countries' stages of economic development. For example, bank oriented systems are associated with higher growth of externally …

growth accounts including intangible capital for 14 countries. We find (a) intangible investment in the EU is less than the … 2007 capital deepening accounted for almost 50% of growth in the EU and 65% in the US, with intangible investment …Conventional measures of business investment consist primarily of tangible assets such as plant and equipment, vehicles …

This paper reinterprets a simple model of growth and fluctuations across many economies to allow for the explicit …, little convergence. The analysis uncovers some `convergence club'-like dynamics, and reveals the wide diversity in growth … experiences across countries. Conditioning on physical capital investment, secondary school enrolment, and a dummy for the African …

volatilities away from the downward trending GDP and inflation volatilities. Using an en dogenous growth monetary DSGE model, with …The post-1983 moderation coincided with an ahistorical divergence in the money aggregate growth and velocity … the upswing in the credit volatility that kept money supply variability from translating into inflation and GDP volatility. …