The notion that real money balances is a factor input has attracted considerable amount of attention from researchers … approach to investigate the validity of money in production function of a developing country for the period 1964-2008. The … cointegration results confirm money as an important factor input in the production function in the long run. The variance …

This paper studies a strategic bargaining model of money and prices to complement the results reported in Coles and …

This paper attempts to examine empirically the dynamic relationship between inflation, growth and interest rate under … has a negative impact on both growth and the size of the informal activities, while inflation does not have a significant … effect on them. The influence of interest rate on growth and the size of the informal economy is found to be robust to VAR …

In this paper we examine the effects of the ratio of internal to external public debt on a country's economic growth …. These effects are examined through a competitive, decentralized model of endogenous economic growth, which relies on public … increases which in turn positively affects the long run economic growth rate. The main conclusion of this paper is that the out …

This paper analyzes empirically the linkages between trade openness, economic growth, and the size of the informal … endogeneity problem. The results provide evidence that there is a positive bi-directional relationship between GDP growth and … trade openness. Second, fluctuations of GDP growth are explained by the size of the informal economy, while the impact of …

This paper examines the export-led growth hypothesis in Tunisia and Morocco using a multivariate time-series framework … export promotion policies as part of their growth priorities. Since the eighties, both countries have integrated themselves … into the world economy and have continuously improved their growth prospects. As a result, they have experienced an …