Do high levels of human capital foster economic growth by facilitating technology adoption? If so, countries with more …. High human capital levels should therefore have translated into fast growth in more compared to less human …-capital-intensive industries in the 1980’s. Theories of international specialization point to human capital accumulation as another important …

growing. The paper investigates the impact of exchange rate stability on growth for a sample of 41 mostly small open economies … at the EMU periphery. It identifies international trade, international capital flows and macroeconomic stability as … important transmission channels from exchange rate stability to more growth. It is argued that fixed exchange rates provide a …

I analyze output growth, volatility, and skewness as the joint outcomes of financial openness. Using an industry panel … of 53 countries over 45 years, I find that financial openness increases simultaneously mean growth and the negative … skewness of the growth process. The increase in output skewness appears to come from a more negatively skewed distribution of …

The literature shows that openness to trade improves long-term growth but also that it may increase exposure to high …

The literature shows that openness to trade improves long-term growth but also that it may increase exposure to high …

public expenditure and its financing via revenue and deficits, and economic growth. We review the various channels through … which public finances affect growth and its underlying determinants (institutional framework, employment, savings and … surveys the empirical findings on the impact of fiscal variables on sustained economic growth. …

We construct a growth model with an explicit government role, where more government resources reduce the optimal level …-2008, we use different proxies for government size and institutional quality. Our results, consistent with the presented growth … model, show a negative effect of the size of government on growth. Similarly, institutional quality has a positive impact on …

whether the historically well-documented relationship between growth, real exchange rates and trade protectionism has broken … dataset which considers a wide range of trade policies stretching beyond the traditionally considered tariff and trade defence … measures. We find that the specter of protectionism has not been banished: Countries continue to pursue more trade …