We test for the impact of exchange rate volatility on growth in emerging market economies based on the theory of … optimum currency areas. Our findings provide evidence for a positive impact of exchange rate stability on growth. …

institutions, and tests whether such labor rigidities are conducive to long-run growth. We find that non-enforceable labor … regulations do not have a bearing on economic growth, but enforceable labor regulations do. In fact, when using a GMM-IV method …-run economic growth. …

countries), raising doubts regarding the well-known Easterlin Paradox, a new paradox arises: 'unhappy growth', where faster … growth rates are accompanied by lower levels of satisfaction. The losses of satisfaction associated with growth are more …

This paper analyzes the relevance of external factors in average quarterly GDP growth for 1990-2006 in the seven … that those factors account for a significant share of variance in LAC7 GDP growth, and that external shocks produce … significant responses. Likewise, a significant share of recent LAC7 growth performance can be explained by an external factor …

evolved non-monotonically in the course of human history. In early stages of development, risk-tolerant, growth promoting … evolutionary advantage, diminishing the growth potential of advanced economies and contributing to convergence in economic growth …

This paper explores the implications of Unified Growth Theory for the origins of existing differences in income per … factors that have governed the pace of the transition from stagnation to growth and have thus contributed to contemporary … variation in economic development. It uncovers the forces that have sparked the emergence of multiple growth regimes and …

gains from trade have been directed towards investment in education and growth in income per capita, whereas a significant … portion of these gains in less developed economies have been channeled towards population growth. Cross-country regressions …

consumption were channeled primarily into population growth. In particular, societies naturally blessed by higher land … productivity would have supported larger populations, given the level of socioeconomic development. Moreover, given land … productivity, societies in more advanced stages of development, as reflected by their cumulative experience with the agricultural …