predict stagnation (Meade, 1961). We use growth accounting to analyze the sources of past growth and project potential ranges … of growth through 2033. Growth averaged 4½ percent over the past 20 years. Our baseline suggests future growth rates … around 3¼ percent, but growth could reach 4-5 percent with strong pro-active policies including (i) improving investment and …

We investigate the relation between changes in tax composition and long-run economic growth using a new dataset …-income countries. To our knowledge this is the most comprehensive and up-to-date dataset on tax composition and growth. We find that … increasing income taxes while reducing consumption and property taxes is associated with slower growth over the long run. We also …

role of balance sheet adjustment for resuming sustained growth. In this paper we examine private sector deleveraging … during the bust phase of leverage cycles on subsequent medium-term growth. The results suggest that larger and quicker …

support sustainable growth. Since export diversification takes a long time, it has to start now. We argue that the failure to …

India’s real GDP growth slipped substantially after the North Atlantic financial crisis. Return to a sustained high … growth trajectory is feasible but it will need much more focused attention to the revival of manufacturing and to the … ahead will be more difficult in view of the protracted slowdown in global growth and trade. …

Total factor productivity growth was stagnant or slowing in many advanced countries even prior to the crisis. This …