empirical practice of omitting dividend growth from the system amounts to imposing the extra restriction that dividend growth is … not persistent. We highlight that persistence in dividend growth induces a previously overlooked channel for return … predictability, which we label "dividend momentum." Compared to estimation based on ordinary least squares, our restricted …

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 …We explore the effect of foreign direct investment on economic growth in developing countries, distinguishing between …

We conduct an extensive robustness analysis of the relationship between trust and growth for a later time period (the … uncertainty, we use Least Trimmed Squares, a robust estimation technique, to identify outliers and investigate how they affect the … results. We find that the trust-growth relationship is less robust with respect to empirical specification and to countries in …

We obtain time series estimates of the long run growth rates of 17 OECD countries, and test the hypothesis that these … long run growth rates, and; (ii) any policies that can raise national growth rates must be international in scope. The … results therefore have bleak implications for the ability of countries to affect their long run growth rates. …

We estimate the impact of FDI on growth using sectoral data for FDI inflows to China and Vietnam. Previous empirical …. Our paper is the first to use sectoral FDI inflow data to evaluate the sector-specific impact of FDI on growth. Our … sectors appear to gain very little growth benefit from sectorspecific FDI. …

growth through capital accumulation. This paper contributes to this literature. As opposed to the previous studies, which … have mainly utilised panel-estimation methods, the tests of causal chains here are carried out in time-series settings …. Saving and GDP are estimated in bivariate vector autoregressive or vector error-correction models for Sweden, UK, and USA …

. We discuss two challenges to successful estimation of DSGE models: potential model misspecification and identification … problems. We argue that prior distributions and Bayesian estimation techniques are useful to cope with these challenges. We …