We propose an adaptation of Hartwick's investment rule to models with population growth and show that following … dilution effect of population growth, to the value of the depletion of the resource, gross of the capital dilution effect. We … of Hartwick's investment rule where capital gains play a role if population growth is positive. Since capital gains …

and economic growth, this paper revisits the question using a Bayesian Model Averaging approach. The analysis suggests …, there is no robust link, neither positive, nor negative, between output growth and fiscal federalism (measured as sub …

facto JI focusing on countries actually experience. Whether JI affects economic growth is tested for a cross section of 57 … countries. While de iure JI does not have an impact on real GDP growth per capita growth, de facto JI positively influences it. …

the aim of achieving regional convergence, they should have a positive effect on economic growth. However, it is equally … possible that transfers perpetuate under-development by diminishing regional incentives to implement growth-enhancing policies …. In this paper, we study empirically the effect of intergovernmental transfers on economic growth using the German …

strongly con-firms previous results that de jure JI is not systematically related to economic growth, but de facto JI is highly … significantly and robustly correlated with growth. In addition, we show that the effect of de facto JI depends on the institutional …

decentralization on economic growth. Much of the traditional literature focuses on the efficiency aspects of a decentralized provision … of public services. However, decentralization may also increase growth by raising the ability of the political system to … empirical literature on decentralization and economic growth. Based on our survey, we identify open questions and discuss …

JI has a robust and highly significant impact on economic growth. Individual components of both de jure and de facto JI … on economic growth are estimated for their impact on economic growth. Additionally, the effects of other institutional …