Cross-country evidence is presented on resource dependence and the link between volatility and growth. First, growth … depends negatively on volatility of unanticipated output growth independent of initial income per capita, the average … investment share, initial human capital, trade openness, the national income share of natural resource exports and population …

is associated with a fall in output growth and a recovery thereafter, while for reversal events there is no systematic … evidence of a growth slowdown. …

We consider a neoclassical growth model with endogenous corruption. Corruption and wealth, which are co-determined in … corruption, and if indeed as suggested by a number of empirical studies corruption hampers growth, then how did rich countries … corruption on wealth depends on the economy’s degree of openness using cross-country data. …

productivity. In response to an increase in openness, markups show a steep short run decline, which partly reverses later, while …We investigate theoretically and empirically the competitive effects of increased trade on prices, productivity and … markups. Using disaggregated data for EU manufacturing over the period 1988-2000 we find increased openness exerts a negative …

second phase that growth starts in earnest. The historical record of productivity growth associated with electrification, and …We develop a model of growth driven by successive improvements in `General Purpose Technologies' (GPTs), such as the … cycles: during the first phase of each cycle output and productivity grow slowly or even decline, and it is only in the …

mix of goods that a country produces may have important implications for economic growth. We demonstrate this proposition … its properties, and show that it predicts subsequent economic growth. …

-market failures and saving rates affect aggregate total factor productivity. Numerical simulations suggest that dynastic management … may be a substantial contributor to observed cross-country differences in productivity. …

job creation in the US, is its slower productivity growth. This paper begins with data showing that US productivity growth … has been essentially zero since 1973 outside of manufacturing. In contrast, productivity growth in US manufacturing has …