resource windfall shock leads to significant welfare growth even in the long-run, but we couldn't find any significant long …

This paper examines past African growth experience and attempts to simulate future ones. In addition to more commonly … diversification are constructed and included as factors for long-term growth. A simple model is constructed for the purpose of … simulating growth scenarios up to the year 2020 for Burkina Faso, Côte d`Ivoire, Ghana, Mali, Tanzania, and Uganda. Even if one …

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 …

into higher growth and yield a demographic dividend. We quantify the potential demographic dividend based on the experience … into concrete economic growth …

We study the long-run relationship between public debt and growth in a large panel of countries. Our analysis takes … particular note of theoretical arguments and data considerations in modeling the debt-growth relationship as heterogeneous across … nonlinear relationship between debt andlong-run growth across countries, but no evidence for common debt thresholds within …

This paper analyzes the factors affecting economic growth in sub-Saharan Africa, using data for 1981-97. The results … indicate that per capita real GDP growth is positively influenced by economic policies that raise the ratio of private … competitiveness, and stimulate export volume growth. The favorable evolution of these variables played an important role in the region …