to November 2011, by paying a particular attention to energy raw materials. Relying on the dynamic conditional …

that financial development is regularly included among the conditions for economic growth and catch up of developing …

Strong credit growth rates in transition countries may result from a normal catching-up process in a framework of … of credit booms, in several CEECs in 2005-2007. Second, we assess the “normal” growth of credit with regard to … fundamentals through econometric estimations. Credit growth is also shown to have been excessive in several countries just before …

This paper investigates the microeconomic effects of financial development on economic growth. The increased … availability of credit is usually expected to improve firms’ growth due to the elimination of credit constraints. We investigate … rapid economic growth and underlying structural changes. We examine how changes in the level credit over GDP in Indian …

estimating a three-factor (labour, capital, energy) macroeconomic growth model for a large set of individual countries, which … the long run must be based on sound economic reasoning about the determinants of long term growth. It must also be … fits two forms of technological progress (standard TFP and energy efficiency). The second step consists of recovering the …

This paper examines the causality relationship between immigration, Unemployment and economic growth of the host … countries (France, Iceland, Norway and United Kingdom), growth positively causes immigration, while in any country, immigration … does not cause growth. …

In this paper, we reexamine empirically the finance/growth nexus. We argue that financial deepening should not only be … relationship between financial deepening and economic growth for OECD countries over the last forty years. …