on economic growth is affected by wealth inequality. The results suggest (a) that opening to trade tends to accelerate … growth but (b) that the addition to growth depends inversely on the level of wealth inequality prior to opening. These … findings confirm the general importance for rapid growth in developing countries of reducing inequalities of opportunity. …

We revisit the evidence of the existence of a long -run link between financial intermediation and economic growth, by … testing of cointegration between the growth rate of real GDP, control variables and three series reflecting financial … intermediation. We consider a model with a factor structure that allows us to determine whether the finance-growth link is due to …

In this paper, we analyze the interaction between corruption, taxation and economic growth. Our contributions are … twofold. Theoretically, in an endogenous growth model, we introduce corruption in two different ways: corruption in the public … growth rate positively but it can also exert a negative effect via fiscal revenue. Not only does it tend to make the tax rate …

Do adjustment policies assist or retard growth? This paper presents data on economic performance (aggregate and … sectoral growth, inflation, investment and external account) for 20 countries. The data are classified on an annual basis … both control-group and before-versus-after analyses which are combined with a review of growth regressions and an analysis …