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 …

growth-environment-policy link. The context is a dynamic general equilibrium model of endogenous growth, in which private … observed persistent differences in growth among LDCs with similar fundamentals and endowments. …

turn looks for engines of sustained growth. We use a micro-founded macroeconomic model calibrated to Greece. Our …

endogenous growth and optimal fiscal policy, in which two political parties can alternate in power. We show that re …

In this paper we study the link between elections, fiscal policy and economic growth/fluctuations. The set-up is a … dynamic stochastic general equilibrium model of growth and endogenously chosen fiscal policy, in which two political parties … economic growth. The model is estimated using quarterly data for Germany, the UK and the US from 1960 to 1999. Our econometric …