The literature on growth theory is rich with models attempting to explain growth differences among countries. Several … variables have been proposed many of which were found to be positively related to growth. However, a major problem with these … models is that the factors explaining growth are endogenously determined by their environment so that a slow-growing or a …

Fiscal positions of African countries have improved significantly during the past decade. Higher economic growth …

Fiscal positions of African countries have improved significantly during the past decade. Higher economic growth …

Fiscal positions of African countries have improved significantly during the past decade. Higher economic growth …

of their effects. The recent literature ignores the fact that deficit effects depend on their source and on private … and whether deficit-inducing policy actions are permanent or transitory. More often than not, deficits are associated with … expectations of the simple theory now circulating, especially about interest rates, the current account deficit and the dollar, are …

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. …

to launch an infrastructure boom that spurred rapid growth along with massive corruption and financial risks. …

policies that promote growth and reduce poverty in developing countries. In this paper, policies for post-conflict and resource …