We examine the dynamics of a country’s growth, consumption, and sovereign debt, assuming that the government is myopic … in a 'growth boost', with higher steady-state household consumption than if it could not borrow. However, in a country … 'growth trap' where household steady-state consumption is lower than if the government had no access to debt. We discuss the …

The hallmark of the recent development and growth literature is a quest to identify institutions that explain a …

paper examines the relationship between natural resources and growth rates in a cross-section of countries, by separately … negatively associated with growth; an abundance of resources, measured both in terms of production of diamonds and oil and in … terms of subsoil assets, does not appear to influence economic growth negatively. Results are consistent with some …

more integrated and effective aid strategy. Last but not least, to achieve more inclusive growth that could help to …