pattern can be observed. This paper shows that a large part of the variation in growth rates among the transition economies … negative correlation between natural resource abundance and economic growth. Among the transition economies the prime reason … for the curse of natural resource is corruption. Other reasons for the curse of natural resources may be Dutch disease …

In an endogenous-growth model, we consider alternative ways of providing public capital using distortionary taxes. We … show that if the government provides the good, the resulting growth rate and welfare may or may not be higher than under … laissez-faire. By contrast, if the government subsidizes private providers, not only are growth and welfare higher than under …

changes, in the sense that the good done to growth by rising remittances is not as great as the bad done by falling …

We set up a unified growth model capturing the transition of a primitive and egalitarian hunter-gatherer society, into … human capital productivity and pushing the economy to sustained growth: an industrial revolution. Allowing also for a …

are among the best antidotes to corruption, shadow economies, criminal injustice and poverty. The presence of accountable … institutions also influences economic growth and the ability of a country to attract trade and foreign direct investment …

information and communication technology (ICT) on output growth. Following Yorukoglu’s (1998) vintage capital idea, in which ICT … doing effects. In terms of growth contribution we find that ICT have an impact disproportionately wide compared to the share …

This paper investigates the importance that market regulation and financial imperfections have on …rm growth. We … a weak financial market (finance effect), the strictness of product and labor market regulations also affect firm growth … (labor effect). In particular, we show that the stricter the rules the more detrimental the influence on growth in sectoral …

growth and business cycles interdependent? Second, is money neutral even in the long run? Using data from the United States …-run money neutrality hypothesis. The results suggest that counter- cyclical growth models best capture the main channel of … influence between cycles and growth. A policy implication is that, if money affects the cycle, it is not neutral even in the …