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 …

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 …

Recently, Park (2009, Economic Theory 39, 377--398) extended the Barro endogenous growth model (1990) by assuming that … multiple balanced growth paths that exhibit zero growth rate and local indeterminacy. In this comment, it is shown that his … claim is incorrect. The model has a unique balanced growth path that may exhibit positive growth, and the model has no …

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 …

This paper examines the growth and income distribution effects of inflation in a growing economy with heterogeneous … consumption spending, we show that a higher growth of monetary supply yields a negative impact on growth and an ambiguous effect …-run effects of money growth are rather small. In contrast, fiscal distortion caused by progressive taxation yield significant …

It is often argued that the rapid growth of the services sector in India maybe notional rather than real. This is …

This paper underlines the influence of trade diversification on GDP per capita growth. Using methodologies developed by … confirm that trade diversification has a positive effect on growth. However, this positive effect of diversification tends to … geographic diversification: to implement economic growth, developing countries should extend exports of new products rather than …

The aim of this note is to investigate the relationship between economic growth and mandatory retirement in an … overlapping generations model where private investment in human capital is the engine of endogenous growth. We derive a novel … result in the retirement-growth literature by showing that the relationship between the mandatory retirement age and economic …