Countries in Transition, ACTs) has slowed already sluggish growth; worsened unemployment, particularly of youth; undermined … the Arab Spring and based on cross-country experience, this paper concludes that sustainable and inclusive growth calls … for a two pronged approach: short term measures that revive growth momentum and partially allay popular concerns …

-sustaining growth based on private consumption and investment. This paper finds that Japanese nonfinancial firms have accumulated cash …

of the stimulus and its gradual withdrawal sowed seeds for inflationary and BoP pressures and growth slowdown, then …

GDP growth in India. We collect data on a sample of 14 Indian states over the period 1989–2013, and use the cross …, there is a negative long-run relationship between inflation and economic growth in India. We also find statistically …-significant inflation-growth threshold effects in the case of states with persistently-elevated inflation rates of above 5.5 percent. This …

predict stagnation (Meade, 1961). We use growth accounting to analyze the sources of past growth and project potential ranges … of growth through 2033. Growth averaged 4½ percent over the past 20 years. Our baseline suggests future growth rates … around 3¼ percent, but growth could reach 4-5 percent with strong pro-active policies including (i) improving investment and …

Many small middle-income countries (SMICs) in sub-Saharan Africa (SSA) have experienced a moderation in growth in … historically, this growth model appears to have run its course. The analysis in this paper suggests that the decline in the … contribution of total factor productivity (TFP) to growth is largely responsible for the slowdown in trend growth in many SMICs …

out strong programs of macroeconomic adjustment and structural reforms designed to promote growth and reduce poverty. Now … that the HIPC Initiative is nearly completed, this paper investigates whether the initiative managed to spur growth, either … effects of the HIPC Initiative on growth. Such evidence suggests that the HIPC Initiative and MDRI have helped HIPC …

We investigate the relation between changes in tax composition and long-run economic growth using a new dataset …-income countries. To our knowledge this is the most comprehensive and up-to-date dataset on tax composition and growth. We find that … increasing income taxes while reducing consumption and property taxes is associated with slower growth over the long run. We also …

role of balance sheet adjustment for resuming sustained growth. In this paper we examine private sector deleveraging … during the bust phase of leverage cycles on subsequent medium-term growth. The results suggest that larger and quicker …