expenditure causes economic growth. An external shock on military expenditure to gross domestic product and gross domestic product … following years. Hence, military expenditures have a positive impact on economic growth in Bangladesh. …

We build and estimate a structural dynamic general equilibrium model of growth and trade. Trade affects growth through …, growth affects trade, directly through changes in country size and indirectly through altering the incidence of trade costs …. Theory translates into an intuitive econometric system that identifies the causal impact of trade on income and growth, and …

conclude that financing growth and investment out of foreign savings, while not impossible, is risky. …A surprisingly large number of countries have been able to finance a significant fraction of domestic investment using … important than private finance, we also identify a number of episodes where a substantial fraction of domestic investment was …

concludes that financing growth and investment out of foreign savings, while not impossible, is risky. …A surprisingly large number of countries have been able to finance a significant fraction of domestic investment using … investment was financed via private capital inflows. That said, foreign savings are not a good substitute for domestic savings …