is associated with a fall in output growth and a recovery thereafter, while for reversal events there is no systematic … evidence of a growth slowdown. …

We consider a neoclassical growth model with endogenous corruption. Corruption and wealth, which are co-determined in … corruption, and if indeed as suggested by a number of empirical studies corruption hampers growth, then how did rich countries … corruption on wealth depends on the economy’s degree of openness using cross-country data. …

Cross-country evidence is presented on resource dependence and the link between volatility and growth. First, growth … depends negatively on volatility of unanticipated output growth independent of initial income per capita, the average … investment share, initial human capital, trade openness, the national income share of natural resource exports and population …

This paper reviews key recent literature on the effects of trade liberalisation on poverty in developing countries and … income and thus reduces poverty has not changed; some suggest that this is not true for very poor countries, but this is not …

exploit this fact to identify the impact of opening a rural bank on poverty and output. Our estimates suggest that the Indian … rural branch expansion programme significantly lowered rural poverty, and increased non-agricultural output. …

This paper describes a simple model of technology adoption which combines the two engines of growth emphasized in the … recent growth literature: human capital accumulation and technological progress. Our model economy does not create new … various standard results on the effects of economic policy on the rate of growth. …

growth. We first construct a new index of the quality of macroeconomic policy. We then directly compare growth rate … and growth; and outline how growth and steady-state income levels might have differed, had all countries achieved good …

Openness per se requires optimal monetary policy to deviate from the canonical closed-economy principle of domestic … model to include imported inputs of production. Production openness strengthens even further the incentive for the … policymaker to deviate from strict domestic price stability. With both consumption and production openness variations in the world …