This paper investigates the causal relationship between financial development and economic growth in Libya during the … long-run relationship between financial intermediation and nonhydrocarbon output growth. The OLS estimation shows that … financial development has a statistically significant negative effect on real nonhydrocarbon GDP per capita growth. However, the …

of the stimulus and its gradual withdrawal sowed seeds for inflationary and BoP pressures and growth slowdown, then …

The need to revive Euro area growth highlights the importance of the evolution of domestic and external demand in the …, first, dynamics for private consumption, non-residential business investment, and exports since 2008 is dominated by …

support sustainable growth. Since export diversification takes a long time, it has to start now. We argue that the failure to …

in the private sector, increase productivity and sustainable growth, and help create the non-oil economy that will be …-wage foreign labor and the rapid growth in government spending, while the continued availability of high-paying and secure public …

This paper quantifies the effect of realized and potential global growth disappointments on export volumes from the … GDP indicate non-oil export volumes are relatively responsive while service exports are less responsive. Downward … revisions to global GDP growth for 2011–14 have impeded export performance, and the possibility of disappointing GDP growth in …

Many small middle-income countries (SMICs) in sub-Saharan Africa (SSA) have experienced a moderation in growth in … historically, this growth model appears to have run its course. The analysis in this paper suggests that the decline in the … contribution of total factor productivity (TFP) to growth is largely responsible for the slowdown in trend growth in many SMICs …

out strong programs of macroeconomic adjustment and structural reforms designed to promote growth and reduce poverty. Now … that the HIPC Initiative is nearly completed, this paper investigates whether the initiative managed to spur growth, either … effects of the HIPC Initiative on growth. Such evidence suggests that the HIPC Initiative and MDRI have helped HIPC …

Countries in Transition, ACTs) has slowed already sluggish growth; worsened unemployment, particularly of youth; undermined … the Arab Spring and based on cross-country experience, this paper concludes that sustainable and inclusive growth calls … for a two pronged approach: short term measures that revive growth momentum and partially allay popular concerns …