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Capital account openness, international trade, and economic growth
(MAR-APR)
New empirical estimates of the effects of capital restrictions on growth support capital account liberalization, especially for developed countries. Capital restrictions reduce the benefits of foreign direct investment ...
Time-consistent polities and growth in developing countries: An empirical analysis
(APR)
This paper investigates whether stable political regimes develop stable systems of rules that are conducive to growth, similar to property rights. New measures of political stability indicate that stable political systems ...
Institutional quality and economic growth: Maintenance of the rule of law or democratic institutions, or both?
(JUL)
Analysis of the factors determining rates of economic growth has found that country-specific characteristics have important effects on growth performance. Empirical evidence to date suggests that maintenance of the rule ...
The effects of IMF and World Bank lending on long-run economic growth: An empirical analysis
(MAR)
The International Monetary Fund and the World Bank, frequently, and often repeatedly, extend loans to developing nations. These loans have been blamed for generating adverse economic outcomes. The growth impact of Fund and ...
The impact of sociopolitical instability on economic growth: Analysis and implications
(JUL)
Sociopolitical instability is considered detrimental to long-run growth. This paper presents the results of a thorough investigation of the effects of sociopolitical instability on growth, for a panel of countries over a ...