granger causality tests indicate a long-run relationship between electricity consumption and GDP growth for all countries …

This paper proposes and empirically validates four theories of why legal origin influences growth and welfare through …

face random and lumpy investment opportunities in R&D. High growth rates of innovations, possibly higher than the real rate … patent and trademark office that minimizes the legal uncertainty surrounding patents as collateral and maximizes the growth …

discipline can he permit to keep prices and production levels of social optimum to sustain economic growth ? In this paper, an … neighborhood and unobserved heterogeneity of countries of the region to analyze the effects of Policy mix on inflation, the output … gap and economic growth. The results provide empirical evidence that the articulation of monetary and fiscal policy in the …

-run sensitivity of output to inflation. …

In this study we quantified the welfare cost of inflation from the estimated long-run money demand functions for … negatively related to the interest rate. The welfare gain of moving from positive inflation to zero inflation is approximately …. Moving from zero inflation to zero nominal interest rate has substantial gain under log-log form compared to the semi …

. Nevertheless, in the short run only world wheat price and labor supply has significant impact. In case of demand pull inflation, in … push inflation indicators. We used the monthly data for a period of 2005 to 2012. The findings of this study reveal that in … the long run exchange rate, world wheat prices, world oil prices and labor supply Granger cause the price level …