This paper identifies factors associated with takeoff - a sustained period of high growth following a period of …. Countries that experience takeoffs average 2.3% annual growth following their stagnation episodes, while those that do not … average 0% growth; 46% of the takeoffs are sustained," i.e. lasting 8 years or longer. Using probit estimation, we find that …

historical relationship with Treasury yields, leading to significantly and persistently easier mortgage credit conditions. We … credit became relatively cheaper. …

The purpose of this paper is to assess whether the banking system, over and beyond its credit function, has a …, our regressions confidently support the hypothesis that banks contribute to economic development not only as credit … suppliers but also by facilitating transactions. Specifically, along with the ratio of private credit to GDP, the ratio of …

-supply channel as an extension of the credit channel pioneered by Bernanke and Blinder (1988). …

This paper estimates the impact of financial development on industry-level total factor productivity (TFP) growth using … significant relationship is found between financial development and industry-level TFP growth when controlling for country …-time and industry-time fixed effects. The results are both statistically and economically significant. TFP growth can …

Despite signs of recovery from the global financial crisis, the GDP growth rate for the Indian economy is likely to be … rainfall deficiency will act as a drag on the overall growth of the economy. In the current financial year, the major policy …

determinants of growth rates of per capita GDP among countries using two variants of Edward Leamerâ??s extreme-bounds analysis is … the factors that most affect differences of growth rates are ones that are beyond the control of policymakers. …

We explore the effect of foreign direct investment on economic growth in developing countries, distinguishing between … contribute to expanding the host country's capital stock. The model suggests that greenfield FDI has a stronger impact on growth … than M&A sales. This hypothesis is supported by our empirical results, which show that greenfield FDI enhances growth …

-known regularities in all of growth and development economics. Yet there is less than complete agreement on the nature of that … association. Here we identify two waves of service sector growth, a first wave in countries with relatively low levels of per …