We discuss the sustainability of Chinese high growth relative to growth experience elsewhere, and specifically Soviet … Russia in the 1950s to the 1960s by asking if the aggregate technology can eventually similarly constrain high growth … that the substitution elasticity is greater than one. We then discuss how sub aggregate high growth can occur when there …

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 …

priorities must be re-oriented towards potentially productive spending programmes. A simple economic growth model illustrates … that the current EU budget setting is, at best, neutral with respect to the EU-wide long-term growth potential and may … actually hamper growth in the majority of the EU countries if the distortionary nature of taxation is taken into account. …

). We demonstrate that each member’s shares of total output and of total factors will be equal. This implies that growth in … imply that models characterizing growth of members within an FIE should embody a key assumption: growth process of shares is …

We study the role of tax share and transparency of governance on growth and stagnation. A local government maximizes … above them, the economy will achieve perpetual growth. …

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 …

This paper analyses the effect of federalism on fertility and growth. In a model with human capital accumulation and … find that local education finance yields higher growth at the price of increased inequality. Aggregate fertility may be …

In this paper, foreign aid transfers can distort individual incentives, and hence hurt growth, by encouraging rent … this framework, the growth impact of aid is examined jointly with the determination of rent-seeking behavior. We test the … that aid has a direct positive effect on growth, which is however significantly mitigated by the adverse indirect effects …