-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 …

conclude that financing growth and investment out of foreign savings, while not impossible, is risky. …

over the deficit episode and its aftermath, growth is slower than when countries rely on domestic savings. The paper … concludes that financing growth and investment out of foreign savings, while not impossible, is risky. …

relationship between deflation and economic growth, using consumer prices time series, Borio et al. (2015) find some evidence that … harmful effect of deflation on growth. …

We review the growth experience of middle-income countries. Economic factors associated with growth appear to differ … between middle income and other countries. The efficiency of the financial system is importantly related to the growth rate in …

What is the relationship between real exchange rate misalignments and economic growth? And what effect, if any, did … undervaluations or overvaluations of the lira/euro have on Italy's growth? We address these questions by presenting, first, three main … facts: (i) there is a positive relationship between undervaluation and growth; (ii) this relationship is strong for …