Cross-country regressions suggest that urbanization and FDI are important drivers of growth However, it is not clear … that primacy eventually hurts growth performance. Since it is tough to interpret cross-country growth regressions, we … growth and unbundling spatial lags matters. Robustness is verified by re-estimating our regressions with fixed effects and …

The volatility of unanticipated output growth in income per capita is detrimental to long-run development, controlling … for initial income per capita, population growth, human capital, investment, openness and natural resource dependence … the black box and conditioning the variance of growth shocks on several country characteristics. Natural resource …

has important implications for urban employment growth.Using for the first time German metropolitan areas instead of … administrative regions we show that the share of college graduates affects growth by the same magnitude as it does in US MSAs … problem of under-identification shows that the effect is at least a third smaller and closer to 0.5% employment growth for a …