) including the products and services which are illegal. We analyse the effects of these shocks on growth and capital stocks by … growth model. The shadow activity generally has a negative impact on productivity and the capital stock. But its effect on …-state growth rates in the two regions. An increase in illicit sector activity that is mainly expropriated by warlords leads to an …

between a microeconomic section on the determinants of remittances and a macroeconomic section on their growth effects. At the …-run impact of remittances. We then use an endogenous growth framework to describe the growth potential of remittances and present … the evidence for different growth channels. There is considerable evidence that remittances (in the form of savings …

to allow financial openness to enhance growth. I identify three types of institutions that are most important for …

We analyze recent contributions to growth theory based on the model of expanding variety of Romer (1990). In the first …

progressive taxation and economic stability, economic growth, inequality and fiscal policy. Based on data from 1981 to 2002, they … economic stability by reducing growth. The authors do find that the possibility of raising progressivity is constrained by …

We analyze recent contributions to growth theory based on the model of expanding variety of Romer [Romer, P. (1990 …

voters. The developing region experiences significant growth in all specifications but benefit more under international … capital mobility. Restricting political participation of migrant workers in the developed region produces inferior growth …