the real GDP growth have moved closely together. Since the indicator is constructed using a small number of common factors …, the strong correlation between the indicator and real GDP growth points to a high degree of commonality across GCC …

. This is essential to ensure India remains on a sustainable fiscal path with higher growth, given the high public debt at … each state. The large stock of debt of several states puts at risk the adequate financing of growth-enchancing expenditures …

While India’s growth has been strong in recent decades, its structural transformation remains incomplete. In this paper …, we first take stock of India’s growth to date. We find that economic activity has shifted from agriculture to services … and that doing so and with workers shifting towards more dynamic sectors could boost GDP growth by 0.2-0.5 percentage …

SOURCES AND VARIABLE CONSTRUCTION -- V. ESTIMATION METHODOLOGY AND RESULTS -- VI. CONCLUSIONS -- APPENDIXES …

External demand was the main driver of growth in Thailand in 2006 and 2007. However, WEO projections indicate … moderating foreign demand in 2008, with U.S. growth being revised downwards to reflect the turmoil in housing and credit markets …'s largest export destination. We use a small structural model and Bayesian estimation to assess the possible impact of a U …

-year periods using a two-dimensional state space based on growth regimes and political institutions. We then model the joint … evolution of output growth and political institutions as a finite state Markov chain, and study how countries move between … states. We find that growth is more likely to be sustained under democracy than under autocracy; output collapses are more …