While trade integration is often regarded as a principal determinant of economic growth, the empirical evidence for a causal linkage between trade and growth is ambiguous. This paper argues that the effect of trade in dynamic panel estimations depends crucially on the specification of trade....

Ist gesellschaftlicher Wohlstand ohne ökonomisches Wachstum möglich? Dieses Paper gibt einen Überblick über jüngere wissenschaftliche Veröffentlichungen zum Thema. Schwerpunkte sind Begründungen und Ausprägungen von Wachstumsskepsis, alternative Wohlstandsindikatoren und Alternativen zur...

In this paper we perform a meta-analysis of the effects of monetary policies on output and prices. We use a sample of published papers on the effects of monetary policies in different countries. There is a large variation in the estimated effects of monetary policies on output and prices. We...