This paper explores the long-run effects of inflation on the dynamics of private sector bank credit and economic growth …. Reinforcing the literature on finance and growth, this study reaffirms that inflation rates are detrimental to long-run financial … private sector bank credit in the economy exerts a positive impact on real GDP. In addition, inflation rates have contributed …

The new growth literature, using both endogenous growth and neoclassical models, has generated strong claims for the … effect of national policies on economic growth. Empirical work on policies and growth has tended to confirm these claims … inconsistent with several stylized facts and seem to depend on extreme observations in growth regressions. More modest effects of …

trade theory, and modern macroeconomics by incorporating the best features of each. This chapter describes the theoretical …

, history of improvement in living standards. These views are not necessarily inconsistent and growth theory offers us the tools …The relationship between economic growth and the environment is, and will always remain, controversial. Some see the … Third World as proof positive that humans are a short-sighted and rapacious species. Others however see the glass as half …