concludes that financing growth and investment out of foreign savings, while not impossible, is risky. …A surprisingly large number of countries have been able to finance a significant fraction of domestic investment using … investment was financed via private capital inflows. That said, foreign savings are not a good substitute for domestic savings …

-known regularities in all of growth and development economics. Yet there is less than complete agreement on the nature of that … association. Here we identify two waves of service sector growth, a first wave in countries with relatively low levels of per …. -- Services ; Growth ; Structural change ; traditional services modern services …

We study the impact of climate volatility on economic growth exploiting data on 133 countries between 1960 and 2005. We … conditions less predictable across countries, with important implications for growth. Controlling for concomitant changes in … temperatures, a +1oC increase in temperature volatility causes on average a 0.9 per cent decline in GDP growth and a 1.3 per cent …