This paper investigates the causal relationship between financial development and economic growth in Libya during the … long-run relationship between financial intermediation and nonhydrocarbon output growth. The OLS estimation shows that … financial development has a statistically significant negative effect on real nonhydrocarbon GDP per capita growth. However, the …

support sustainable growth. Since export diversification takes a long time, it has to start now. We argue that the failure to …

of the stimulus and its gradual withdrawal sowed seeds for inflationary and BoP pressures and growth slowdown, then …

The need to revive Euro area growth highlights the importance of the evolution of domestic and external demand in the …, first, dynamics for private consumption, non-residential business investment, and exports since 2008 is dominated by …

This paper quantifies the effect of realized and potential global growth disappointments on export volumes from the … GDP indicate non-oil export volumes are relatively responsive while service exports are less responsive. Downward … revisions to global GDP growth for 2011–14 have impeded export performance, and the possibility of disappointing GDP growth in …

We investigate the relation between changes in tax composition and long-run economic growth using a new dataset …-income countries. To our knowledge this is the most comprehensive and up-to-date dataset on tax composition and growth. We find that … increasing income taxes while reducing consumption and property taxes is associated with slower growth over the long run. We also …

role of balance sheet adjustment for resuming sustained growth. In this paper we examine private sector deleveraging … during the bust phase of leverage cycles on subsequent medium-term growth. The results suggest that larger and quicker …