such immigration on growth and incomes. In the context of a two-country endogenous growth model with heterogeneous agents … because of differences in income tax rates or technology, can bring about a reduction in the steady state growth rate of the … country of emigration. Additionally, permanent difference in the growth rates as well as incomes between the two countries can …

exchange rate regime generates identifiable welfare losses of 2-8 percent of GDP on import markets and up to 15 percent on … export markets. These excess burdens have increased substantially with the growing difference of exchange rates. The welfare … analysis allows some conclusions regarding the optimal reform strategy: (i) welfare losses will decline overproportionally as …

attention to the welfare consequences of this type of market intervention. Our paper provides a simple, optimizing framework in … which the welfare consequences of capital controls can be assessed. Two main issues are considered. First, how do capital …

The paper proposes a new welfare-based measure to evaluate the distributive effects of public programs. The proposed … governmental interventions. The measure and its numerical illustrations suggest that, in general, the welfare effects from public …

The spectacular growth of many economies in East Asia over the past 30years has impressed the economics profession … Province of China) as ""miraculous."" This papercritically reviews the reasons alleged for this extraordinary growth.It weighs … ofinvestments and exports, and the influence of initial conditions onsubsequent growth …

This paper develops a model merging the monetary approach to the balance of payments and a neoclassical growth model … into a unified framework in which inflation, growth, and the balance of payments are simultaneously determined. The …

This paper formulates a simple aggregate growth model that is capable of assessing the impact of macroeconomic policies …-term growth performance. The analytical results suggest a number of implications that are relevant to the design of growth …

Islamic banking for growth and stabilization of the economy. It analyzes the long-run effects of Islamic banking on …

investment and growth, especially given rising global interest rates. Bigger debt servicing burdens will reduce available fiscal … increased crisis risk -making countries vulnerable to abrupt changes in market sentiment, jeopardizing both stability and growth …

also to slower growth in productivity. Itfinds that on average per capita GDP growth was slightly faster underfloating …