explicit: (i) the investment-growth linkages; (ii) public external and domestic debt accumulation; (iii) the fiscal policy …

This paper investigates the short-run effects of the 2007-09 global financial crisis on growth in (mainly non … growth declines are on average well explained by the decline in export demand. Third, if the external environment facing LICs … improves as forecast, their growth should rebound sharply. Finally, and contrary to received wisdom, there are few robust …

This paper investigates the medium- and long-term growth effects of the global financial crises on Low-Income Countries … (LICs). Using several methodological approaches, including impulse response function analysis, growth spells techniques and … growth. Given existing evidence that LICs were primarily impacted by such a shock in the global financial crisis, our …

explicit: (i) the investment-growth linkages; (ii) public external and domestic debt accumulation; (iii) the fiscal policy … spending cuts requires sharp macroeconomic adjustments, crowding out private investment and consumption and delaying the growth …

spending in inefficient countries do not have a lower impact on growth than in efficient countries, a result confirmed in a … countries need to be reconsidered. Changes in efficiency, in contrast, have direct and potentially powerful impacts on growth …

There is good reason and much evidence to suggest that the real exchange rate matters for economic growth, but why? The … bad for growth. In contrast, Rodrik (2008) argues that undervaluation relative to purchasing power parity is good for … growth because it promotes the otherwise inefficiently small tradable sector. Our main result is that WC and the Rodrik views …