Many countries have failed to use natural resource wealth to promote growth and development. They have been damaged by … return investments to support diversification of their economies. This paper explores the reasons for these failures and …

importantly, will it have an impact on steady-state growth rates? This paper provides empirical evidence showing how countries … have exhibited substantial increases in their growth rates over the past century while concurrently increasing the extent … can have on long-run growth rates. Among the results of the model, unilateral liberalization by one country will generate …

accumulate a SWF, build public infrastructure and hand out citizen dividends. Finally, we show that a more sophisticated range of …

the United States, is that the heavy regulation of Europe reduces its growth. Using newly assembled data on regulation in …

complementarity is at work when an emerging economy is on its convergence path or when it has a higher TFP growth rate. This framework … is consistent with global imbalances and with a number of stylized facts such as high corporate saving rates in high-growth …

There is a significant controversy among academics and policy-makers about whether policies matter for economic growth … (monetary, fiscal and trade) have an explanatory power for the cross-country variation in growth rates and income per capita … growth. In a cross-section of 91 countries, policy volatility emerges as a key determinant of macroeconomic performance. An …

boom as well. The effects of endogenous growth, adjustment costs for investment and non-Walrasian labour markets on these …

This paper explores the sources of Ireland’s relative growth performance. Using panel data for a sample of OECD … countries, we estimate a convergence equation and use it to conduct a growth accounting exercise which provides quantitative … estimates of the immediate sources of Ireland’s growth differential vis-à-vis the OECD average and the other ‘cohesion …

between economic policies and the growth record is examined. Although a gradual reduction in macroeconomic distortions was …-market allocation of resources and allowed Spain to accelerating growth and catching up with Western Europe. Without the 1959 Plan, per …