The growth prospects of a nation are stymied by the burden of government debt. This study has two goals: first, it … tests whether public debt hinders growth; and, second, it explores whether economic policy ameliorates this effect. A large … panel data of countries for 1970-2010 reveal a negative and robust effect of public debt on growth. Strong institutions …

the first time the negative impact of cronyism on economic growth. In the early 2000s, a policy shift in Egypt led to the … 1996 and 2006 experienced lower aggregate employment growth during the period than those that did not. A wide array of …

of the neoclassical growth model. The findings indicate that two factors, the TFP growth rate and fiscal policy (via tax … have resulted from a combination of high TFP growth and a tax reform that substantially reduced capital taxation …, had the region experienced TFP growth similar to that of the Asian countries. This increase, however, is insufficient to …

evidence supports untested assumptions about voter patience and risk aversion. Patient respondents care more about the future …

This paper explores the link between Brazil's political institutions and its disappointing productivity and growth in … and cuts in unprotected expenditures, which put a drag on productivity and growth. In a context of robust checks and … increases in taxation. The resulting environment possesses both essential elements for sustainable economic growth and …

According to the Washington Consensus, developing countries' growth would benefit from reductions in barriers to trade … intermediate goods, did lead to faster growth in a manner consistent with theory. …

This paper seeks to identify the most promising fiscal strategy to boost long-term economic growth in Argentina and … quantify its effects. To this end, the authors updated a growth-diagnostics study for Argentina and corroborated that low … improved appropriability and long-term growth. …