seigniorage finance. This leads to an increase in inflation which, in turn, reduces capital accumulation and growth. At the …This paper presents an analysis of the effect of bureaucratic corruption on economic growth through a public finance …

We provide evidence that the robust association between cognitive skills and economic growth reflects a causal effect … sensitivity analyses of cross-country growth regressions generate remarkably stable results across specifications, time periods …, and country samples. In addressing causality, we find, first, significant growth effects of cognitive skills when …

We estimate the effect of political regime transitions on growth with semi-parametric methods, combining difference in … parametric estimates may have seriously underestimated the growth effects of democracy. In particular, we find an average … negative effect on growth of leaving democracy on the order of -2 percentage points implying effects on income per capita as …

, output volatility, and economic growth, using a large cross-section of 88 countries over the period 1960 to 2004 …, is negatively associated with economic growth. Third, there is no direct effect of cyclicality of economic growth other … (discretionary and) cyclical fiscal policy to improve growth performance by reducing volatility …

In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in … growth, inflation and output growth with bidirectional causality between employment growth and inflation as well as output … growth, giving support to Phillips' Golden Triangle theory …

growth models estimated across world regions, these low levels of cognitive skills can account for the poor growth …Economic development in Latin America has trailed most other world regions over the past four decades despite its … comparable income data. Our growth analysis using these data confirms the significant effects of cognitive skills on intra …

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 …