year from 2013 and onwards. This paper argues that it is necessary to allow short term fluctuations in emissions in order … States reveals systematic fluctuations of some +/- 5 percent a year around the long run trend. Hence, the Emission Trading …

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 …

trade openness. Second, fluctuations of GDP growth are explained by the size of the informal economy, while the impact of …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 …

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 …