of productivity growth, but the effect depends critically on a country's level of financial development. For countries … with relatively low levels of financial development, exchange rate volatility generally reduces growth, whereas for … rate volatility, and outliers. We also offer a simple monetary growth model in which real exchange rate uncertainty …

-term rate of productivity growth, but the e¤ect depends critically on a country's level of financial development. For countries … with relatively low levels of financial development, exchange rate volatility generally reduces growth, whereas for … rate volatility, and outliers. We also offer a simple monetary growth model in which real exchange rate uncertainty …

countries, and why some countries diverge from the world technology frontier in terms of their per capita GDP levels or growth … in explaining cross-country growth performance and cross-country convergence and divergence, following Lucas … interacting financial development with macroeconomic variables such as average productivity or output volatility in growth and …

How does firm entry affect innovation incentives and productivity growth in incumbent firms? Micro-data suggests that … not in laggard industries. To explain this pattern, we introduce entry into a Schumpeterian growth model with multiple … rich micro-level productivity growth and patent panel data for the UK, and controlling for the endogeneity of entry by …

its medium-term rate of productivity growth. Moreover, the impact depends critically on the country's level of financial … these channels may operate in a simple stylized growth model in which real exchange rate uncertainty exacerbates the …

-term rate of productivity growth, but the effect depends critically on a country's level of financial development. For countries … with relatively low levels of financial development, exchange rate volatility generally reduces growth, whereas for … rate volatility, and outliers. We also offer a simple monetary growth model in which real exchange rate uncertainty …

its medium-term rate of productivity growth. Moreover, the impact depends critically on the country's level of financial … these channels may operate in a simple stylized growth model in which real exchange rate uncertainty exacerbates the …

This comprehensive introduction to economic growth presents the main facts and puzzles about growth, proposes simple … developments, and provides tools with which to analyze policy design. The treatment of growth theory is fully accessible to …-country convergence, the effects of financial development on growth, and the consequences of globalization. The book, which grew out of …