-linear relationship between financial development and growth, we find an inverted U-shaped relationship between finance and growth in the …We revisit the relationship between financial development and economic growth in a panel of 52 middle income countries … financial development does not have a linear positive long-run impact on economic growth in this sample. When we consider a non …

This paper presents an analysis of the effect of bureaucratic corruption on economic growth through a public finance … seigniorage finance. This leads to an increase in inflation which, in turn, reduces capital accumulation and growth. At the …

and short-term planning horizon can also lead to such underinvestment. Subsequently, banks can stimulate growth …

While various empirical studies have found negative growth-effects of natural disasters, little is yet known about the … microeconomic channels through which disasters might affect short- and especially long-term growth. This paper contributes to …

The volatility of unanticipated output growth in income per capita is detrimental to long-run development, controlling … for initial income per capita, population growth, human capital, investment, openness and natural resource dependence … the black box and conditioning the variance of growth shocks on several country characteristics. Natural resource …

-driven comparative studies about the impact of autocratic transition on real per capita GDP. The applied methodology compares the growth … of countries that experienced a transition to autocracy with the growth of a convex combination of similar countries that …

We compare and contrast the economic growth performance of Estonia and Georgia since the collapse of the Soviet Union … in 1991 in an attempt to understand better the extent to which the growth differential between the two countries can be … traced to increased efficiency in the use of capital and other resources (intensive growth) as opposed to brute accumulation …

Does international financial integration boost economic growth? The question has been discussed controversially for a … narrative evidence from economic history that highlights the contribution European capital made to economic growth ofperipheral … was indeed a significant and robust growth effect. Our theoretical explanation stresses property rights protection as a …

lack adequate financing, which hampers their growth. As a consequence, governments have implemented a number of programs to … more willing to lend to SMEs. In this paper, we directly ask banks (the main providers of SME external finance) what …