good growth opportunities, regardless of their reliance on outside finance. To test these predictions, we use a measure of … proxies for shocks to (short run) industry growth opportunities. We find differential effects of these measures on industry … growth and composition in countries with different levels of financial development. We obtain results that are consistent …

This paper describes the correlations between inequality and the growth rates in cross-country data. Using non …-parametric methods, we show that the growth rate is an inverted U-shaped function of net changes in inequality: Changes in inequality (in … any direction) are associated with reduced growth in the next period. The estimated relationship is robust to variations …

We provide an analysis of real economic growth prospects in emerging markets after financial liberalizations. In … growth …

This paper uses a flexible approach to characterize the nonlinear relation between oil price changes and GDP growth …

This paper examines the robustness of explanatory variables in cross-country economic growth regressions. It employs a … partially correlated with long-term growth and another five variables to be marginally related. Of all the variables considered …

1991-1992 was unusually sluggish, and despite the fact that lately U.S. growth was indeed remarkably high and stable …

We introduce an instrumental variables approach to estimate the importance of unmeasured quality growth for a set of 66 … durable consumer goods. Our instrument is based on predicting which of these 66 goods will display rapid quality growth. Using … impact of quality-upgrading on prices paid. We estimate that quality growth averages about 3.7% per year for our goods, with …

policies and structural reforms, particularly privatization, contributed to the growth recovery. We also conclude that the … faster is the speed of reforms, the quicker is the recovery and the higher is growth …