This article investigates how financial development helps to reduce poverty directly through the McKinnon conduit … effect and indirectly through economic growth. The results obtained with data for a sample of developing countries from 1966 …

policy programs and their impact on labor market outcomes, inequality, and poverty. The paper illustrates the model …We introduce a new suite of macroeconomic models that extend and complement the Debt, Investment, and Growth (DIG …'s properties by analyzing the growth, debt, and distributional consequences of big-push public investment programs with different …

trade and TFP growth both over time and across sectors …

policy attention on strengthening growth resilience. With low-income countries (LICs) being the most vulnerable to large and … sector development acts as a shock-absorber in poor countries, dampening the transmission of terms of trade shocks to growth …

This paper studies the link between financial development and economic growth in the West African Economic and Monetary … development does support growth in the region, long-term bank financing has a greater impact on economic growth than short …

We examine the effects of aid on growth-- in cross-sectional and panel data--after correcting for the bias that aid … evidence of a positive (or negative) relationship between aid inflows into a country and its economic growth. We also find no …: what aspects of aid offset what ought to be the indisputable growth enhancing effects of resource transfers? Thus, our …