We explore the impact of large banks and of financial openness for aggregate growth. Large banks matter because of …-level do not cancel out in the aggregate but can affect macroeconomic outcomes. Financial openness may affect GDP growth in and …. Second, financial openness lowers GDP growth. Third, granular effects tend to be stronger in financially closed economies. …

the size of government and on other key economic variables, including the consumption-wealth ratio, the growth rate of … because of risk sharing. The theoretical results for the growth rate depend on differences in productivity and in consumption …

firm growth, survival, size and age. While these studies have resulted in findings that aresufficiently consistent as to … therelationships between firm age and size on the one hand, and survival and growth on the other may, infact, not be the same in …. The resultssuggest that the most fundamental relationships between firm size, age, survival and growth arestrikingly …

achieving high output growth. It is argued that due to the forward looking nature of the foreign exchange market, exchange rate …

There has been a revival of interest in the effect of risk on economic growth. We quantify both ex ante and ex post … remarkable long-running panel data set for rural households in Zimbabwe. We find that risk substantially reduces growth: in the …, the first micro-based estimate of the effect of shocks on growth. About two-thirds of the impact of risk is due to the ex …

This paper studies the connection between trade and growth in the context of a partial and inconsistent liberalization … for the closer integration with Russia and the impact of this process on Belarus growth led us to the conclusion that the … conclusion is supported by the results of country-specific growth regressions and of a counterfactual free trade experiment via a …

This paper puts forward a method to estimate average economic growth, andits associated confidence bounds, which does …