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...

This article questions current empirical practice in the study of growth. It argues that much of the modern empirical growth literature is based on assumptions about regressors, residuals, and parameters that are implausible from the perspective of both economic theory and the historical...

"Building effective state institutions before introducing democracy is widely presumed to improve different development outcomes. Conversely, proponents of this “stateness-first” argument anticipate that democratization before state building yields poor development outcomes. In this Element,...

Welchen Einfluss hat Korruption auf das Wirtschaftswachstum? Diese Frage beschäftigt Ökonomen seit geraumer Zeit. Zur Abschätzung des Ausmaßes der Korruption wurde in früheren empirischen Studien zumeist der Transparency International’s Perception of Corruption Index (CPI) verwendet. Ein...