long-run relationship between financial intermediation and nonhydrocarbon output growth. The OLS estimation shows that …This paper investigates the causal relationship between financial development and economic growth in Libya during the … period 1970–2010. The empirical results vary with estimation methodology and model specification, but indicate the lack of …

This Selected Issues paper analyzes the underlying sources of growth in Uganda, suggesting that the contribution to … growth from total factor productivity has been minor, while the high population growth poses a significant challenge to …

This Selected Issues paper examines the sources of real growth in Guinea. It identifies and quantifies the impact on … real GDP growth of both the exogenous shocks and the policy changes that have occurred since 2000. The paper offers, first …, some empirical evidence on real GDP growth in Guinea and then analyzes the sources of growth using the standard framework …

autogression estimation. Comparing growth performance, fiscal and current account developments in these countries, the study …

This paper investigates empirically the sources of aggregate output growth and the determinants of total factor … productivity (TFP) in Niger between 1963 and 2003. A growth accounting analysis indicates that the erosion in output per capita … over the sample period is due to the negative growth of both TFP and physical capital per capita. Sound macroeconomic …

The paper investigates the growth effects of public capital in Portugal using annual data for the period 1965-95. Both …-term determinant of output growth. The size of the estimated production elasticity indicates, in line with studies for other countries …, a substantial growth payoff from public investment. Disaggregating public capital shows that investment related to …

smaller role of the government in the financial sector might increase the rate of economic growth. …

This paper reexamines the empirical relationship between financial development and economic growth. It presents … reveal that the relationship between financial development and economic growth is, at best, weak. Second, there is evidence … of nonlinearities in the data, suggesting that finance matters for growth only at intermediate levels of financial …

This paper investigates the linkages between oil and growth in Congo, where there appears to be no evidence of direct … spillover effects. The empirical results suggest however that political instability has a negative effect on non-oil growth, and … results also show that fiscal discipline is beneficial for growth. In addition, there are strong linkages between world oil …

relative importance of total factor productivity growth and factor accumulation, using a cointegration method and a growth …The paper investigates the sources of growth in the Democratic Republic of the Congo since 1960 and evaluates the … growth. …