single currency is the root of all evil are both wrong. A euro exit could be a way of getting back to growth, but at the same … of the past is that the outcome, in terms of growth, distribution, and employment, depends on how a country remains in …

growth, deflation, and weak public finances. …

towards distribution and growth. …

Historically, episodes of rapid growth are accompanied by significant structural change. In this paper we therefore aim … to quantify the extent to which factor accumulation induces structural change and productivity growth in industrializing … economies. To fix ideas we present an extension of Barro, Mankiw and Sala-i-Martin?s (1995) growth model that incorporates two …

growth and dynamic welfare with special reference to South Africa. While water may become a limiting factor for future … development in general, as a drought prone and water poor country with rapid population growth, South Africa may face more serious …

We explore the effect of foreign direct investment on economic growth in developing countries, distinguishing between … contribute to expanding the host country's capital stock. The model suggests that greenfield FDI has a stronger impact on growth … than M&A sales. This hypothesis is supported by our empirical results, which show that greenfield FDI enhances growth …

higher growth. Our analysis accommodates costly signalling for gaining credibility and also assigns a novel role to spending …