effectiveness. For this purpose we examine a commonly used empirical growth model, considering different measures of fiscal …

as a fundamental source of economic growth. An international market to trade the knowledge needs to be further developed. …

We develop a model in which public capital is both an engine of growth and a determinant of the distributions of wealth … generates a positive correlation between growth and income inequality along the transition path, but their short-run and long …

economic growth, this study examines empirically the key channels through which fiscal policy impacts economic growth in the … debt financing, governance, efficiency of spending, mixture of taxes can have a significant impact on growth. …

effectiveness. For this purpose we examine a commonly used empirical growth model, considering different measures of fiscal …

Controversy over the aggregate impact of foreign aid has focused on reduced form estimates of the aid-growth link. The … causal chain, through which aid affects developmental outcomes including growth, has received much less attention. We address … impacts on growth through key intermediate outcomes. A coherent picture emerges: aid stimulates growth and reduces poverty …

This paper confirms recent evidence of a positive impact of aid on growth and widens the scope of evaluation to a range … of outcomes including proximate sources of growth (e.g., physical and human capital), indicators of social welfare (e … coherent and favorable pattern of results emerges. Aid has over the past forty years stimulated growth, promoted structural …