What is the level of state capacity in developing countries today, and what have been its drivers over the past century … step, we explain this growth using a fixed-effects long-run panel setting. The results show that canonical state … addition, access to external revenues, especially from commodity exports and debt, moderates the operation of canonical state …

feasible because agents can invest out of their wage income and out of their asset income. We also analyze the effects of a … and per capita output at the steady state. However, the robot tax cannot induce a takeoff toward positive long-run growth. …

This paper investigates empirically whether the relation between finance and growth depends on a specific type of … financing. I construct a novel panel data set for 34 high income countries over the time period from 1995 to 2014 based on … indicates that high levels of finance are negatively related to economic growth. In contrast, financing of corporates is largely …

government finances its spending by levying distortionary taxation and issuing non-state-contingent debt. The main finding of the …

The present paper explores the extent to which new joint General Budget Support (GBS) systems have been able to … overcome the problems of aid dependency and negative fiscal incentives that can potentially result from high levels of on-budget … associated with higher revenue mobilization. This suggests that on-budget aid delivered under well-targeted conditionality …

sustainability concerns amongst investors. This paper provides novel estimates of non-linear state-dependent fiscal limits based on …

survival of territories to an extensive dataset on state-formation and growthrelated outcomes. We empirically confirm that …