policymakers' beliefs about the impact of capital account liberalization on growth, under the 'Mundell's trilemma constraint. The …

This paper empirically tests the hypothesis that trade can act as an engine of growth using panel data for the Southern … formation was the need to accelerate, foster, and encourage the region's growth. Our results indicate that during the period … covered by this study (2005-2017), export expansion stimulated growth, more openness to trade reduced it, and that the …

propositions and empirical tests consistent with these trends via a general-equilibrium model of endogenous growth where human … capital, population, income growth and distribution, and migration trends are endogenous. We derive new insights about the … impact of migration on long-term income growth and distribution, and the net benefits to natives in both destination and …

different growth trajectories if they differently motivate risk-taking. Historically, risk sharing institutions were selected … based on their cultural and institutional compatibility and not their unforeseen growth implications. We simulate our growth … previous growth-theoretic models to highlight that transitions can transpire even in the absence of exogenous productivity …

This essay investigates the determinants of the growth performance of Africa. I start by illustrating a broader … institutional development. After reporting results from standard growth regressions, I analyze the role of Africa's peculiar history …, which has been marked by its colonization experience. Next I discuss the potential growth impact of state fragility, a …