In the first part of the paper we look at economic growth in Africa over the past three decades. We divide the past … growth rates for Africa and several individual countries. We use the Hodrick-Prescott filter with different values for the … the growth rates of GDP trend. For Africa as a hole and for most countries we find relatively low trend growth rates until …

ties and dynamic correlations of GDP growth rates in emerging Asian countries and OECD countries. …

Openness for trade can have positive welfare effects in terms of higher growth. But increased openness may also …

capital production function, the model gives rise to exogenous or endogenous growth. The effects of demographic shocks and … fiscal stimuli on the growth path are derived, both atimpact, during transition, and in the long run. …

We explore the impact of large banks and of financial openness for aggregate growth. Large banks matter because of …-level do not cancel out in the aggregate but can affect macroeconomic outcomes. Financial openness may affect GDP growth in and …. Second, financial openness lowers GDP growth. Third, granular effects tend to be stronger in financially closed economies. …