This paper empirically assesses the role of structural and institutional reforms in driving productivity growth across countries at different stages of development, using a distance-to-frontier framework. It gauges whether particular policies and reforms matter more for increasing productivity...

This paper develops a new index which provides early warning signals of a growth crisis in the event of large external shocks in low-income countries. Multivariate regression analysis and a univariate signaling approach are used to map information from a parsimonious set of underlying policy,...

We examine the cyclical properties of development aid using bilateral data for 22 donors and over 100 recipients during 1970‒2005. We find that bilateral aid flows are on average pro-cyclical with respect to business cycles in donor and recipient countries. However, they become...