Education, social equality and economic growth: A view of the landscape
Education has been one of the key determinants of economic growth around the world since 1965. In this paper, we […]
The real exchange rate always floats
This paper makes two main points. First, irrespective of nominal exchange rate arrangements, the real exchange rate always floats – […]
Mother Earth: Ally or Adversary?
Economic growth requires capital. This article reviews the relationship between economic growth around the world and six different kinds of […]
Does inflation matter for growth?
Nature, power, and growth
This essay reviews the relationship between natural-resource abundance and economic growth around the world, and presents some new results. The […]
Ownership and growth
Natural resources, education, and economic development
Economic growth since 1965 has varied inversely with the share of natural capital in national wealthacross countries. Four main channels […]
Fix or flex? Alternative exchange rate regimes in an era of global capital mobility
This paper discusses the pros and cons of fixed versus flexible exchange rate regimes under perfect capital mobility from a […]
Resources, agriculture, and economic growth in economies in transition
This paper reviews some reasons why natural resource abundance and extensive agriculture appear to impede economic growth around the world. […]