We use an excludable instrument to test the effect of foreign aid on economic growth in a sample of 96 recipient … and excludable instrument. Making use of the instrument, our results show no significant effect of aid on growth in the … (where abundant aid reduces growth), we find no significant effect of aid on growth in any of these sub-samples. None of the …

investigate whether geopolitical motives matter by testing whether the effect of aid on economic growth is reduced by the share of … provides quasi-random variation in commitments. Our results show that the effect of aid on growth is significantly lower when … reduces growth. Second, political interest variables are invalid instruments for aid, raising doubts about a large number of …

We investigate how protectionist policies influence economic growth. Our empirical strategy exploits an extraordinary … economic growth in Sweden can be compared. We do not find evidence suggesting that protectionist policies influenced economic … growth and examine channels why. Tariffs increased government revenue. However, the results do not suggest that the …

-2014 and examine how austerity is associated with economic growth. The results show that depending on how austerity is measured …

We examine how fiscal rules influence economic growth. The results show that constitutional fiscal rules promoted … growth from the Industrial Revolution until World War II (1789-1950) and also increased modern economic growth (1985 … rules also increased economic growth at the sub-national level. …