below-potential growth and below natural employment, or on the other hand faces overheating of the economy with rising …

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 …

This study deals with the link between exchange rate misalignments (ERM) and economic growth, for a large sample of … approach. The relation "misalignments-growth" is estimated using a PSTR (Panel Smooth Transition Regression) and GMM models …. Our main results show that the impact of ERM on economic growth is nonlinear and asymmetric. An overvaluation has a …

How much does public capital matter for economic growth? How large should it be? This paper attempts to answer these … public investment and growth, to determine the growth-maximizing public investment GDP share. It empirically also accounts … maximizes consumption. This is estimated to be between 8.4 percent and 11.0 percent. The results from estimating the growth …

How much does public capital matter for economic growth? How large should it be? This paper attempts to answer these … public investment and growth, to determine the growth-maximizing public investment GDP share. It empirically also accounts … maximizes consumption. This is estimated to be between 8.4 percent and 11.0 percent. The results from estimating the growth …

simultaneously overlaying as well as time-varying cycles. This is useful for growth or business cycle analysis as well as for …

This paper analyses the contribution of public investment to growth in southern Italy in the second half of the … positive effect of public investment on the growth of the Mezzogiorno in the period 1951-1995. The Bai-Perron tests suggest … that economic growth followed two distinct regimes, the first regime of accelerated growth in the years 1951-1973 (average …