Cross-country regressions suggest that urbanization and FDI are important drivers of growth. However, it is not clear … that primacy eventually hurts growth performance. Since it is tough to interpret cross-country growth regressions, we … provide detailed evidence on the determinants of outward FDI from the US. FDI is higher in countries that are close to the US …

capita output growth, the credit cycle, the stock of inward foreign direct investment (FDI) and the current account balance … find that lower exchange rate volatility is associated with higher growth (for relatively less financially developed … economies), higher stocks of FDI (for relatively more open economies), higher current account deficits, and a more volatile …

empirical practice of omitting dividend growth from the system amounts to imposing the extra restriction that dividend growth is … not persistent. We highlight that persistence in dividend growth induces a previously overlooked channel for return … predictability, which we label "dividend momentum." Compared to estimation based on ordinary least squares, our restricted …

of societal risk transfer mechanisms mitigating the effects disasters. Dynamic panel estimates using growth data from a … European region reduces the regional GDP by 0.4%-0.6%; an average flood event in the U.S.A reduces the personal income by 0 … Program (NFIP) in the U.S.A. mitigate the effects of a flood by about 50%. The results provide empirical foundation for the …

We investigate the controversial issue whether unemployment is related to productivity growth in the long run, using U …. Therefore the secular decline of unemployment since the mid 1990s indeed stemmed from higher average productivity growth. The …

The rapidly growing literature on the relationship between energy consumption and economic growth has not univocally …

We investigate the impact of Chinese activities in sub-Saharan African countries with respect to the growth performance … of economies in that region. Using a Solow-type growth model and panel data for the period 1991 to 2011, we find that … does not have an impact on growth. …

whether money growth Granger-causes output growth in the United States. We find surprisingly strong evidence for a money …