Standard growth accounting exercises find large cross-country differences in aggregate TFP. Here we ask whether …

of growth of the money supply on the real exchange rate; fourth, the interaction between inflationary finance and …

This paper challenges the widespread belief that FDI generally has a positive impact on economic growth in developing … countries. It addresses the limitations of the existing literature and re-examines the FDI-led growth hypothesis for 28 … countries FDI has no statistically significant long-run impact on growth. In very few cases, FDI indeed contributes to economic …

The main objective of this paper is to contribute to in-depth literature on the relationship between growth and the … informal sector in the presence of corruption. The impact of the interaction between growth and corruption on economic … the empirical literature because it studies the effect of the interaction between growth and corruption in the informal …

This paper contributes to the literature on foreign direct investment (FDI) and economic growth in two main ways. First …, we examine the effect of FDI on economic growth for 44 developing countries over the period 1970 to 2005 using … studies, we find that FDI has, on average, a negative effect on growth in developing countries, but that there are large cross …

-term challenge of sustaining growth beyond the crisis. The central objective of this paper is to empirically investigate the sources … of economic growth in 12 developing Asian economies during 1992–2007 via a two-stage analysis. In the first stage, we … estimate total factor productivity growth (TFPG) and account for the relative importance of labor, capital, and TFPG in growth …