for convergence. In order to understand why this prediction was not fulfilled, we apply in this paper the framework set by … positively affected Latin American economic growth in this period, while the determinants traditionally put forward in the … empirical growth literature, such as technical change and openness, did not. Finally, the positive correlation between the …

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 …

In this paper we used the procedures developed in the Kumar and Russell (2002) growth-accounting study to examine cross …-country growth during the 1990's. Using a data set comprising developed, newly industrialized, developing and transitional economies …, we decomposed the growth of output per worker into components attributable to technological catch-up, technological …

We obtain time series estimates of the long run growth rates of 17 OECD countries, and test the hypothesis that these … long run growth rates, and; (ii) any policies that can raise national growth rates must be international in scope. The … results therefore have bleak implications for the ability of countries to affect their long run growth rates. …