We investigate the relationship between economic growth and lagged international capital flows, disaggregated into FDI … global crisis. Our study reveals a complex and mixed picture. The relationship between growth and lagged capital flows … depends on the type of flows, economic structure, and global growth patterns. We find a large and robust relationship between …

This paper evaluates the sustainability of large current account imbalances in the era when the Chinese GDP growth rate … to the relative size of the countries' GDP. We conclude that the continuation of the fast growth rate of China, while … last resort," the Chinese growth path would be challenged by its own success. …

. Crises also decreased growth rates of income per capita significantly below trend for at least two years leading to important …

We present a new empirical decomposition of the effects of financial liberalization on economic growth and on the … incidence of crises. Our empirical estimates show that the direct effect of financial liberalization on growth by far outweighs … growth whose predictions are consistent with our empirical findings. …

systematic relation between fast growth and preference for delayed consumption. The third part applies the methodology to the …

In 2007, countries in the euro periphery were enjoying stable growth, low deficits, and low spreads. Then the financial … growth and welfare, and may lead to self-fulfilling crises. It also shows how crowding-out effects can be transmitted to …

This paper develops a dynamic two-country neoclassical stochastic growth model with incomplete markets. Short …

This paper studies how the effect of trade openness on economic growth depends on complementary reforms that help a … panel evidence on how the growth effect of openness depends on a variety of structural characteristics. For this purpose, we … use a non-linear growth regression specification that interacts a proxy of trade openness with proxies of educational …