There is empirical evidence of the positive effect of democracy on economic growth, measured in GDP per capita. However, this effect cannot be detected for countries in the Sub-Saharan Africa area. The cause of this can be found in child mortality rates.
Is it worth switching to renewable energy or we have to sacrifice economic growth for green ideas? New research reveals that it may hurt at the beginning, but later pays off.
We all know public debt matters. Yet, no one knows how it exactly matters to economic growth. Does public debt cause growth? Is there a tipping point? Does the impact of debt on growth homogeneous for all countries?