changes, in the sense that the good done to growth by rising remittances is not as great as the bad done by falling … investigating the impact of remittances on consumption, investment, imports and output. It estimates short and long-run multiplier … effects of exogenous shocks of remittances, with data from five Mediterranean countries. The analysis reveals a uniform …

Do openness to trade and higher levels of human capital promote faster productivity growth? That they do is a key … implication of several versions of endogenous growth theory. To answer the question we use panel data on 93 countries spanning the … on productivity growth. If the level of openness of an economy is doubled the underlying rate of technical progress will …

asymmetrically. The gains from trade were channeled towards population growth in non- industrial nations while in the industrial … nations they were directed towards investment in education and growth in output per capita. International trade enhanced the … comparative disadvantage in the production of skilled intensive goods. The focus on the interaction between population growth and …

divergence and lower long-run growth, whereas we find absolute convergence in expansions. The output costs of political and … financial crises are permanent on average and long-term growth is negatively linked to volatility. These results also imply that … panel data studies can help identify the sources of growth and that economic models should be capable of explaining growth …

AK growth model where public spending is utility-enhancing. Having characterized the macroeconomic equilibrium first we … study the impact of risk and the public sector on consumption-wealth ratio, growth and welfare, given the exogenous size of … the public sector. A higher weight of public consumption in the utility function raises the rate of growth due to a fall …

Countries rich in natural resources constitute both growth losers and growth winners. We claim that the main reason for …

Countries rich in natural resources constitute both growth losers and growth winners. We claim that the main reason for …

globalization as well as sub-indexes constructed to measure the single dimensions on economic growth are analyzed empirically. The … results show that globalization promotes growth - but not to an extent necessary to reduce poverty on a large scale. The … dimensions most robustly related with growth refer to actual economic flows and restrictions in developed countries. Although …