Growth dynamics are remarkably heterogeneous, in particular when one focuses on developing countries. Economic miracles … and failures are embedded within extended phases of either growth or decline. We propose a methodology and a taxonomy that … will characterize countries' growth patterns on the basis of the sequence of regimes they experience. In particular, we …

In this paper, we revisit the relationship between economic growth and exchange rate misalignments, especially … on growth depends on institutional quality as suggested in previous literature. First, we separate countries into groups … according to their institutional quality using the cluster analysis. Then, we estimate the relationship between growth and …

The paper investigates the role of real exchange rate misalignment on long-run growth for a set of ninety countries …-step System GMM panel growth models indicate that the coefficients for real exchange rate misalignment are positive for different …-run growth. The estimated coefficients are higher for developing and emerging countries. -- long-run economic growth ; real …

This study examines the moderating effects of the real exchange rate and its volatility on the finance-growth nexus in … the West African region. It also determines the marginal effects of financial development on economic growth at various … impact on economic growth, but this impact is weakened by real exchange rate and its volatility. The marginal effects of …

This paper studies the impact of exchange rate regimes on inflation, nominal money growth, real interest rates, and … growth performance. We find that, for non-industrial economies, "long" pegs (defined as those lasting for five or more … consecutive years) are associated with lower inflation than floats, but at the cost of an inferior growth performance. A similar …

The paper investigates the role of real exchange rate misalignment on long-run growth for a set of ninety countries …-step System GMM panel growth models indicate that the coefficients for real exchange rate misalignment are positive for different …-run growth. The estimated coefficients are higher for developing and emerging countries …

productivity growth, and decompose it into technical efficiency change and technical progress. Our empirical results indicate that … world productivity growth was led by fast-growing newly emerging economies, whereas most developed countries experienced a … decrease in productivity growth. Technical efficiency change significantly contributed to economic growth for many fast …

The objective of this paper is to study the effect of institutional factors on economic growth of a set of 37 developed … growth of the total sample of countries and developed countries. -- political institutions ; economic institutions ; static … panel data ; economic growth …