Many models show that redistribution is bad for growth. This paper argues that in a non-cooperative world optimizing … and lower GDP growth than 'left-left' competition. Efficiency differences allow for higher GDP growth and more … redistribution than one's opponent. Irrespective of efficiency differences, however, 'left-wing' governments have higher GDP growth …

for growth, especially for developing countries. The empirical literature has not been able to conclusively establish the … presumed growth benefits of financial integration. Indeed, a new literature proposes that the indirect benefits of financial …

China has achieved impressive growth over the last three decades. However, there has been debate over the sources of … the growth, and the role of the intensive versus extensive margin. Growth accounting exercises at the aggregate level … have been doubts about the contribution of TFP improvements to growth. For the period between 1978 and 1998, Young (2003 …

Mauritian growth experience since the mid-1970s. We show that arguments based on openness to trade and FDI are either misleading …

We examine how institutional and policy reforms affect the relationship between entrepreneurship and growth. We perform … effect of trade reform and entrepreneurship on growth is negative, suggesting that trade reform diminishes the positive … effects of entrepreneurial ability on growth, while the joint effect of financial sector reform and entrepreneurship has a non …

We consider an R&D-driven endogenous growth model in which innovation is risky and agents are risk averse. Growth is … social insurance, thus encouraging innovation and accelerating growth. The general equilibrium effects of the reallocation of …

We construct an endogenous growth model that includes a cultural variable along the dimension of individualism … innovation in an individualist culture. This cultural effect may offset the negative effects of bad institutions on growth … individualism on growth through innovation. Using genetic data as instruments for culture we provide strong evidence of a causal …

This paper explores how revenue-neutral tax reforms impact employment and economic growth in a model of endogenous … growth and search frictions on the labor market. We analyze how savings and the incentive to create new jobs are affected by … observe an increase in both growth and, via the capitalization effect, employment. Most other tax reforms, however, imply a …