panel growth regression analysis and a structural VAR model. We find that, on average, the incidence of terrorism may have … an economically significant negative effect on growth, albeit one that is considerably smaller and less persistent than … negative influence of these incidents on growth is smaller. …

include an additional dimension of public policy, namely education funding. Indeed, the productivity growth of future workers …

that growth can be enhanced by the introduction of pay-as-you-go pensions even if the growth rate of aggregate wages falls … redistributive. This means that if a flat benefit PAYG pension system is in place then the economy will achieve the highest growth …