This paper investigates the effect of cyclical macroeconomic policy and financial sector characteristics on growth … policies foster growth disproportionately in more credit/liquidity-constrained industries. Second, while higher bank capital … ratios may contribute to reducing the benefit of a countercyclical monetary policy, countercyclical credit enhances growth …

What are the effects of cyclical fiscal policy on industry growth? We show that industries with a relatively heavier … productivity growth) in countries that implement fiscal policies that are more countercyclical. We reach this conclusion using …

We analyze the relationship between inequality and economic growth from two directions. The first part of the survey … examines the effect of inequality on growth, showing that when capital markets are imperfect, there is not necessarily a trade … impact of inequality and the positive effect of redistribution upon growth. The second part analyzes several mechanisms …

In this paper, we use cross-industry, cross-country panel data to test whether industry growth is positively affected … has a positive, significant, and robust impact on the average annual growth rate of industry labor productivity; (ii …

This paper analyzes the impact of cyclical fiscal policy on industry growth. Using Rajan and Zingales' (1998 … grow faster (both in terms of value added and of labor productivity growth) in countries which implement more …

In this paper we present the so-called Schumpeterian approach to economic growth, in which growth is primarily driven … micro-founded approach both, questions the old divisions between growth and development economics, and also provides the … analytical tools to design successful; strategies and appropriate institutions to achieve fast convergence and sustainable growth …

Chamley (1986) and Judd (1985) showed that, in a standard neoclassical growth model with capital accumulation and … innovation-led growth into the Chamley-Judd framework, using a Schumpeterian growth model where productivity …

international differences in post-crisis GDP growth. …

legislation on growth. It exploits macro-panel data for OECD countries. For countries close to the technological frontier …, education and rigidities are significantly related to TFP growth. The contribution of the interaction between product market …

This paper proposes a growth-oriented dual-income tax by combining an allowance for corporate equity with a broadly … calibrated growth model for Switzerland indicate that the reform could add between 2 to 3 percent of GDP in the long run …