Natural resources and economic growth: The role of investment
Is it possible that excessive reliance on natural resources affects saving and investment in a way that retards economic growth? […]
How do India and China grow?
This article aims to compare the development strategies and trajectories of the two economic giants of Asia, India and China. […]
Monetary and fiscal management, finance, and growth
This lecture addresses three related aspects of monetary and fiscal management in Europe and elsewhere. First, I discuss the implications […]
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 […]