The volatility of unanticipated output growth in income per capita is detrimental to long-run development, controlling … for initial income per capita, population growth, human capital, investment, openness and natural resource dependence … the black box and conditioning the variance of growth shocks on several country characteristics. Natural resource …

consequences (in terms of GDP per capita growth) of a declining labour supply. We tentatively conclude that economic migration …

Policymakers' efforts to boost trend output growth may be hampered by the presence of a tradeoff between productivity … gains and job creation. This paper presents empirical evidence that the negative relationship between productivity growth … and employment growth that prevailed in the 1960s and 1970s has disappeared since then. This finding is robust to using …

Cross-country regressions suggest that urbanization and FDI are important drivers of growth However, it is not clear … that primacy eventually hurts growth performance. Since it is tough to interpret cross-country growth regressions, we … growth and unbundling spatial lags matters. Robustness is verified by re-estimating our regressions with fixed effects and …

This paper reviews studies exploring how higher bank capital requirements affect economic growth. There is little …, and cost of bank capital, which in turn can affect economic growth. Banks facing higher capital requirements can reduce … credit supply as well as decrease credit demand by raising lending rates which may slow down economic growth. However, having …