This study aims to test within a relatively homogeneous group of small states whatdifferentiates the growth performance … initial incomes, and slower population growth have helped offset some of thesedisadvantages. On balance, policy …-related factors, together with geography-relateddisadvantages, have led to growth rates in PICs that are much lower than in other …

industries, import competition actually strengthens employment growth. In addition, import competition tends to improve average … higher average wages; thus any relatively slower employment growth in this group of firms could lead to lower inequality …

The small states of the Asia and Pacific region face unique challenges in raising their growth potential and living … often face more limited policy tools, policies do matter and can further help build resilience and raise potential growth … improve the composition of public spending in order to foster inclusive growth. Regional solutions should also continue to be …

liberalization and tax policy, and gauges their impact on growth. The paper used a set of reform indices to gauge both short-run and … long-run effects of structural reforms on growth, controlling for other possible growth determinants using panel dynamic … OLS estimation. In addition, recognizing the importance of institutions to growth the empirical analysis also analyzed the …

have little arable land. There is empirical evidence to suggest that these factors are related to income growth …

This paper assesses how regional trade agreements (RTAs) impact growth volatility on a worldwide sample of 170 …, improved policy coordination, and reduced risk of conflicts can ease growth volatility. Empirical estimations suggest the … benefits outweigh the costs as RTAs are consistently associated with lower growth volatility, after controlling for trade …

This paper empirically examines the extent to which a country's economic growth is influenced by its trading partner … economies. Panel estimation results based on four decades of data for over 100 countries show that trading partners' growth and … relative income levels have a strong effect on domestic growth, even after controlling for the influence of common global and …

divergence and lower long-run growth, whereas we find absolute convergence in expansions. The output costs of political and … financial crises are permanent on average, and long-term growth is negatively linked to volatility. These results also imply … that panel data studies can help identify the sources of growth and that economic models should be capable of explaining …

This paper studies the impact of the level and volatility of the commodity terms of trade on economic growth, as well … as on the three main growth channels: total factor productivity, physical capital accumulation, and human capital … of trade growth enhances real output per capita, volatility exerts a negative impact on economic growth operating mainly …