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

-eligible countries to reach higher growth, but it remains unclear whether this is through higher investment or another channel. Also, the …In 1996, the IMF and the World Bank introduced the Heavily Indebted Poor Countries Initiative—a comprehensive debt … out strong programs of macroeconomic adjustment and structural reforms designed to promote growth and reduce poverty. Now …

-sustaining growth based on private consumption and investment. This paper finds that Japanese nonfinancial firms have accumulated cash …Over the last two decades, cash holdings in nonfinancial firms around the world have increased. This phenomenon is … at the expense of investment and dividends, hampering this transition. The evidence suggests that cash accumulation is …

around 3¼ percent, but growth could reach 4-5 percent with strong pro-active policies including (i) improving investment and … 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 …

This paper studies structural changes underlying China's remarkable and unprecedented growth in recent years. While …'s provinces suggests that credit and labor market frictions have inhibited labor productivity growth in services relatively more …, one in which the service sector will need to play a more prominent role as an engine of growth. The evidence also suggests …

buffers. They also expanded abroad while the pace of corporate investment moderated. Regarding the latter, model estimates on … aggregate corporate investment over the post bubble period show that expectation about future profitability, in particular …

markets (EM) are now entering a period of slower growth. In fact, growth is now lower than the post-crisis peak of 2010-11, as … growth rates seen in the last decade or whether their prospects are dimmer than thought a few years ago. This SDN we will … explore the drivers of the slowdown, how changes in external conditions that supported high growth in EMs will affect them …

Many small middle-income countries (SMICs) in sub-Saharan Africa (SSA) have experienced a moderation in growth in … historically, this growth model appears to have run its course. The analysis in this paper suggests that the decline in the … contribution of total factor productivity (TFP) to growth is largely responsible for the slowdown in trend growth in many SMICs …

The small states of the Asia and Pacific region face unique challenges in raising their growth potential and living … often face more limited policy tools, policies do matter and can further help build resilience and raise potential growth … improve the composition of public spending in order to foster inclusive growth. Regional solutions should also continue to be …

The inefficiency of the Italian judicial system has contributed to reduced investments, slow growth and a difficult …