This paper analyzes the determinants of growth in 25 transition economies during 1990-97. The paper`s main finding is that macroeconomic stabilization, structural reform, and reduction of government expenditures are key to achieving sustainable growth. Although the initial effect of reforms on...

This paper analyzes the possible causal relationship between debt and growth in 16 OECD countries from 1980 to 2009. This is done considering not only government debt but also non- financial corporate and household debt. The panel bootstrap Granger causality test applied allows us to control for...

This paper examines the impact of government size on how output and government expenditurerespond to oil price shocks in 28 oil-exporting countries between 1990 and 2016. Results suggestthat if the size of government (measured by government expenditure-to-(non-oil) GDP ratio) islarger, non-oil...

Income distribution may be related to fundamentals affecting economic growth and to labor market policies. Noting that inequality is affected by unemployment. This paper presents a model in which labor market policies affect unemployment which in turn affects inequality. The model also includes...

This study examines whether differences in public sector efficiency are associated with diverging effects of public investment on growth. At first stage, we estimate public investment multipliers for each country of the European Union (EU). Their size varies considerably across countries. Then...

This article presents evidence of correlation between public spending measured by general government consumption (CFGG for its initial in Spanish) as central government primary spending (GPGC for its initials in Spanish) and output per capita in the last two decades. We use a panel data...

The desirability of WTO membership for China depends on whether its economic successes have been the result of its discovery of new institutional forms (e.g. dual track pricing, SOE contracts, and fiscal contracts) that are optimal for China's particular economic circumstances, or have been the...

This article investigates the impact of military spending changes on economic growth in China over the period 1953 to 2010. Using two-state Markov switching specifications, the results suggest that the relationship between military spending changes and economic growth is state dependent....

This paper tries to analyze whether pursuing economic growth and setting up labor market policies affect inequality. Therefore a simple testable model along the lines of the Kuznets and Neoclassical literature is fit to the data. The explanatory power of the regressions is high. On average the...