and economic growth. We make use of a Johansen-based panel cointegration methodology allowing for cross-country dependence … a single cointegrating vector between financial development and growth and of causality going from financial development … to economic growth. We find little evidence of reverse causation as well as bi-directional causality. We interpret this …

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 …

We revisit the relationship between financial development and economic growth in a panel of 52 middle income countries … financial development does not have a linear positive long-run impact on economic growth in this sample. When we consider a non …-linear relationship between financial development and growth, we find an inverted U-shaped relationship between finance and growth in the …

This is Part 2 of a two-part paper which surveys the historical evidence on the role of institutions in economic growth …. The paper provides a critical scrutiny of a number of stylized facts widely accepted in the growth literature. It shows …; that parliaments representing wealth holders have not invariably been favourable for growth; and that the Glorious …

This is Part 1 of a two-part paper which surveys the historical evidence on the role of institutions in economic growth …. The paper provides a critical scrutiny of a number of stylized facts widely accepted in the growth literature. It shows …; that parliaments representing wealth holders have not invariably been favourable for growth; and that the Glorious …

enhance convergence of the growth rates of trading economies. In contrast, reductions in transportation costs of non …

aggregate or sectoral growth is limited. …