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 …

this aspect, however, are inconclusive. Based on the average growth rate for the last two decades, we select 12 top … positive and significant impact of openness on economic growth. The system GMM technique is used to overcome the shortcomings … of endogeneity as found in most previous studies. While growth in labor force has insignificant effect on output growth …

the models to inflation and output growth variables and found that the effects of real and nominal uncertainties are …

growth in West Africa. Our sample contains twelve ECOWAS member countries (Economic Community of West African States) and we … results show that:(1) finance leads economic growth in countries which have the common currency, (2) the reverse causation … dominates in the other countries, (3) there is greater feedback between financial development and economic growth in countries …