linking social spending, human capital, and growth in a system of equations. The paper finds that both education and health … to higher economic growth. The paper also finds that other policy interventions, such as improving governance, reducing …

This paper assesses the effects of expenditure composition as well as fiscal adjustment on economic growth in a sample … generally associated with higher economic growth in both the short and long terms. The composition of public outlays also … matters: Countries where spending is concentrated on wages tend to have lower growth, while those that allocate higher shares …

of 22 conflict episodes shows that armed conflict is associated with lower growth and higher inflation, and has adverse … estimates are consistent with the hypothesis that conflict and terrorism have a significant negative impact on growth through …

This paper examines the channels through which external debt affects growth in low-income countries. Our results …) would directly increase per capita income growth by about 1 percentage point per annum. Reductions in external debt service … could also provide an indirect boost to growth through their effects on public investment. If half of all debt …