This article challenges recent findings that democracy has sizable effects on economic growth. As extensive political … called endogenous, and those grounded in reasons more exogenous to economic growth. The behavior of economic growth following … these more exogenous democratizations strongly indicates that democracy does not cause growth. Consequently, the common …

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. …

In this paper, we revisit the inequality-growth relationship using an enhanced panel data set with improved inequality …, similar to Forbes we find a significant positive association between inequality and subsequent economic growth in the full … relationship between inequality and growth emerges due to the particular timing of inequality and growth dynamics in transition …

of a low-leverage/high cash no-short-term capital structure policy. We use Jovanovic's model (1982) that relates growth …, age and size, as used by Heshmati (2001), to which we add a dummy indicating financial conservatism. As the growth of a …

Ongoing demographic change will lead to a relative scarcity of raw labor to the effect that output growth will be …

single currency is the root of all evil are both wrong. A euro exit could be a way of getting back to growth, but at the same … of the past is that the outcome, in terms of growth, distribution, and employment, depends on how a country remains in …

growth, deflation, and weak public finances. …

in a simple growth model by highlighting real option effects. We endogenize the drift rate of real option by connecting … sector and show the different implications of idiosyncratic and aggregate uncertainty on growth dynamics. …

This paper considers the prospect of a government patent buyout in a model of endogenous growth. To this end, the … author modifies a standard quality ladder growth model by incorporating possibility of imitation, and rent protection …'s growth rate along the balanced path. He highlights two sources of welfare improvement: elimination of monopoly pricing, and …

Economic growth is essential, though not sufficient, for poverty reduction in developing countries. Research based on … contribute to economic growth, and thus can help many poor people escape poverty. However, the domestic environment has to be …