, which reduces investment and economic growth over time. (iii) Wage increases in the resource-intensive sector that spill …

diversification as an essential aspect of national risk management aimed at promoting efficiency, growth, and welfare. The paper first … encourage more stable long-run economic growth. Thereafter, the paper considers Iceland as a case study of the intertwined …

document a significant negative effect of international sanctions on GDP growth and its components (consumption, investment …

document a significant negative effect of international sanctions on GDP growth and its components (consumption, investment …

growth across the globe. In a large sample of countries, equality in the distribution of income as measured by the World Bank … in the World Values Survey, and democracy, all of which are good for growth as reflected in the purchasing power of per …

We introduce distributive justice into a simple model of growth and distribution. Two groups (‘classes’) of otherwise … supplies one unit of labour inelastically and desires a wage; and that the labour share impacts growth negatively in our ‘AK … conflict is resolved by the two positive and three normative criteria we consider. Thus, the macroeconomy (growth, factor …

between political stability and economic growth which is stronger and empirically more robust in countries with high … bureaucratic costs. Motivated by these results, which contrast with previous contributions, we develop a model of growth with … between the probability that the incumbent politician remains in office and average economic growth in the presence of high …

-driven comparative studies about the impact of autocratic transition on real per capita GDP. The applied methodology compares the growth … of countries that experienced a transition to autocracy with the growth of a convex combination of similar countries that …

After a decade of research on the relationship between institutions and growth, scholars in this field seem to be … divided. Economic institutions perform well in growth regressions and a body of literature argues that this supports the key … literature describes are the more stable political institutions, and these have been found to play no role in empirical growth …