unclear. One candidate is intangible capital - a rising driver of economic growth that, being non-pledgeable as collateral, is … policy could strengthen longer-term growth, particularly so where strong product market competition prevents firms from self …

This paper investigates the causal relationship between financial development and economic growth in Libya during the … long-run relationship between financial intermediation and nonhydrocarbon output growth. The OLS estimation shows that … financial development has a statistically significant negative effect on real nonhydrocarbon GDP per capita growth. However, the …

We posit that the relationship between income inequality and economic growth ismediated by the level of equality of … future growth disproportionately. We use several recently developedinternationally comparable measures of intergenerational … mobility to confirm that thenegative impact of income inequality on growth is higher the lower is intergenerationalmobility …

In the 1990s and early 2000s, Belize grew faster than its regional peers. By the mid-2000s, however, economic growth … had slowed down to the regional average. A vicious circle of low growth and increasing public debt has been clouding … Belize's outlook. This paper applies a growth diagnostic approach based on the Hausmann-Rodrik-Velasco framework to …

We build a two-country currency union DSGE model with endogenous growth to assess the role of cross-country differences … in product and labor market regulations for long-term growth and for the adjustment to shocks. We show that with … endogenous growth, there is no reason to expect real income convergence. Large shocks, through endogenous TFP movements, can lead …