This paper examines the interaction between financial development and economic growth of the Economic Community Of West … long- and short-term impact of financial development on economic growth. The results suggest that the use of the common … liabilities in foreign currencies both contribute to economic growth in the WAEMU. However in ECOWAS zone, in long-term (as in …

growth. Our dataset is composed of 112 emerging and developing countries over the period 1975-2007. More specifically, we …-term growth, and, on the other hand, between financial development and long-term GDP. We also ask whether such effects may explain … the link financial development - convergence/divergence to the advanced countries' growth. As predicted by literature, the …

This paper examines the effects of the ownership form of banks on the finance-growth nexus in Japan. If the cooperative …

We present results from quantitative exercises using the Lucas and Romer endogenous growth models, from which we … calculate welfare losses from the distortions presented in the Romer model. Moreover, comparing the models to data, we show that … an economy governed by the Romer model would attain a higher welfare than one governed by the Lucas model, contrary to …

This paper studies the impact of pay fairness on factor income and social welfare in a developing economy with both … unemployment. Greater wage fairness worsens urban unemployment and lowers social welfare in the economy. …

This paper measures the impact of production of traded agricultural products on households'''' welfare and poverty in …

growth process. The financial sector, particularly the capital market arena, has also been experiencing incredible progress … during the last decade. The contribution of the present paper lies in focussing the growth of Indian economy and its …