Although there exists abundant literature about convergence across the Spanish regions, most of the research has been developed by using cross-section regressions or data panel techniques with fixed effects, resulting in biased estimates that may make their conclusions less tenable. In addition,...

I discuss how aid can support growth in small, isolated economies. Small markets frustrate scale economies and competition. Combined with high transport costs, essential inputs become prohibitively expensive. Breaking the coordination problem requires pio

In this article it is investigated the subject of real convergence of Central and Eastern European countries on the basis of some theories and models used in the analysis of this process, also the effects of recent crisis upon convergence, the latest results of real convergence and the...

The material within these pages shows that Barbados, a Caribbean country with just over a quarter of a million people, embodies many of the classic vulnerabilities of an island with a small open economy, yet aspires to developed-country status, and is already well advanced on the road to...

The country studies and their background papers included in this book were prepared for the Latin America and the Caribbean section of the "Global Research Project: Explaining Growth" of the Global Development Network (GDN), a research effort conducted in association with the Latin American and...

The growth prospects of a nation are stymied by the burden of government debt. This study has two goals: first, it tests whether public debt hinders growth; and, second, it explores whether economic policy ameliorates this effect. A large panel data of countries for 1970-2010 reveal a negative...

Tax policy is among the most common and relevant instruments in the toolkit of policy-makers when thinking about promoting growth, yet there is not compelling evidence regarding its effect in Latin American countries. Using a variety of approaches, we estimate the effects on growth of the most...