for growth, especially for developing countries. The empirical literature has not been able to conclusively establish the … presumed growth benefits of financial integration. Indeed, a new literature proposes that the indirect benefits of financial …

whether this pattern of capital flows has hurt growth innonindustrial economies that export capital. Surprisingly, we find … that there is a positivecorrelation between current account balances and growth among nonindustrial countries,implying that … a reduced reliance on foreign capital is associated with higher growth... …

whether this pattern of capital flows has hurt growth in nonindustrial economies that export capital. Surprisingly, we find … that there is a positive correlation between current account balances and growth among nonindustrial countries, implying … that a reduced reliance on foreign capital is associated with higher growth. This result is weaker when we use panel data …

Cross-country regressions suggest little connection from foreign capital inflows to more rapid economic growth for … growth in these economies, as implicitly assumed in the benchmark neoclassical framework. We explore emerging new theories on …

institutions. …

There are significant effects of changing demographics on economic indicators: growth in GDP especially, but also the … effects, with increases in that age group exerting strong positive effects on GDP growth, and negative effects on the CAB and …

innovation in an individualist culture. This cultural effect may offset the negative effects of bad institutions on growth …We construct an endogenous growth model that includes a cultural variable along the dimension of individualism … individualism on growth through innovation. Using genetic data as instruments for culture we provide strong evidence of a causal …