In this paper, we examine the macroeconomic impact of the high oil price era between 2003 and mid-2008 on the Swiss economy. Using a medium-scale disequilibrium macroeconometric model, we focus not only on the effects of oil prices on the real GDP growth but also on their effects on demand-side...

Financial development has a major role in the sustainable economic growth of Central and Eastern European emerging countries, particularly after their political and structural changes. These changes required a reform of financial sectors of these countries, such as capital market development,...

Empirical analysis of the real convergence between old (EU15) and new (EU8) economies is the basic focus of this paper, which should importantly contribute to the extensive empirical literature. The basic motivation for the present analysis is mixed results regarding the convergence process...

The existing huge literature on measuring trade openness, on the one hand, and the effect of trade openness on economic growth, on the other, all have failed to reach a clear-cut conclusion. Therefore, this paper's idea emerges by searching for an answer to the following two questions: how to...

This paper examines the relationship between interest rate liberalisation policies and sustainable economic growth in Nigeria. Employing the autoregressive-distributed lag (ARDL) - bounds testing approach and using GDP per capita as economic growth indicator, the paper establishes a long run...

The environmental Kuznets curve and the green convergence hypotheses postulate that economic growth and pollution may be decoupled. Their validity has been questioned from several perspectives. This study addresses, from the particular viewpoint of an economist, an additional (though obvious)...

A computable general equilibrium model of production and trade within and between rich and poor economies is developed in which the interaction between trade and environmental policies is analysed. The shape of iso-emissions curves, defined in tariff and emissions tax space, is evaluated both in...

The global financial crisis hit the economies of most commodities exporting countries of Sub-Sahara Africa (SSA) mainly through trade and commodities prices collapse. Theoretical and empirical literature postulates debilitating effects of these on growth, poverty and sustainable development...

Maintaining moderate level of income inequality is required for the sake of sustainable economic growth. The question that needs to be addressed is how to accurately measure income inequality. We modify the traditional Gini coefficient by using purchasing power parity (PPP). Usually, the PPP...