This paper investigates the impact of stock markets and banks on economic growth using a panel data set for the period …

In an 80-country panel since the 1960s, the convergence rate for per capita GDP is around 1.7% per year. This "beta … long-term panel with country fixed effects also supports modernization, in the sense of positive effects of per capita GDP … frame-34 countries with GDP data starting between 1870 and 1896-estimation with country fixed effects is more appropriate …

nominal GDP. Our findings indicate that the Federal Reserve could probably guide M2 in a way that reduces not only the long …-term average rate of inflation but also the variance of the annual rate of growth of nominal GDP. An optimal M2 rule, derived from … a simple VAR, reduces the mean ten-year standard deviation of annual GDP growth by over 20 percent. Although there is …

most countries around the world. Turning to the relationship between countries, we show that average life satisfaction is … higher in countries with greater GDP per capita. The magnitude of the satisfaction-income gradient is roughly the same …

across time and across the world. Growth accounting is the principal quantitative tool for understanding this phenomenon, and …

GDP growth is often measured poorly for countries and rarely measured at all for cities or subnational regions. We …