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 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 …

macroeconomic developments regarding economic growth, inflation, external balance, the fiscal situation and aggregate savings and …

This working paper is intended to shed light on a pressing issue: the apparent growth-dependency of European welfare … states at a time of weak growth prospects and strong criticisms of growth. Indeed, while the notion of going beyond GDP … growth is gaining momentum in the European Union, as elsewhere, and seems rational and desirable to a growing number of …

capital. I find no robust evidence to corroborate the theoretically predicted benefits of decentralization. …

school resources differently as decentralization took place. Using municipal data the paper studies how per pupil spending … decentralization. As nothing much has happened with per pupil spending, the teacher-pupil ratio has become more evenly distributed …

elderly, using panel data on Swedish municipalities over 1996-2005. The high degree of decentralization in the organization of …