Insurance market activity, both as a financial intermediary and a provider of risk transfer and indemnification, may contribute to economic growth by allowing different risks to be managed more efficiently and by mobilizing domestic savings. During the past decade, there has been faster growth...

Chapter 1. Introduction -- Chapter-2. Sustainable Growth, Financial Stability and the Failure/Un-Constitutionality of the Dodd-Frank Act (USA) (and Similar Statutes in Other Countries) -- Chapter-3. Economic Psychology, Geopolitical Risk and the Un-Constitutionality of Credit Rating Agencies,...

The worldwide slowdown in growth after 1975 was a major negative fiscal shock. Slower growth lowers the present value of tax revenues and primary surpluses and thus makes a given level of debt more burdensome. Most countries failed to adjust to the negative fiscal consequences of the growth...

1 Introduction -- 2 The Data: Productivity and Capital Differences across Countries and over Time -- 3 Two Complementary Frameworks to Study Convergence Clubs -- 4 Convergence Clubs in Labor Productivity -- 5 Convergence Clubs in Physical and Human Capital -- 6 Convergence Clubs in Total Factor...

If one region of the world switches its research effort from dirty to clean technologies, will other regions follow To investigate this question, this paper builds a North-South model that combines insights from directed technological change and quality-ladder endogenous growth models with...

Trade can be a key driver of growth for African countries, as it has been for those countries, particularly in East Asia, that have experienced high and sustained rates of growth. Economic partnership agreements with the European Union could be instrumental in a competitiveness framework, but to...

Chapter 1.Introduction -- Chapter 2. Efficiency-inducing tax credits for charitable donations when taxpayers have heterogeneous behavioral norms -- Chapter 3. Trade Liberalization and Profit Tax Reform Under Oligopolistic Vertical Trade -- Chapter 4. Properties of the Production Possibility...

Chapter 1. Mining Sector Contracting in Mongolia -- Chapter 2. Foreign Direct Investment in Mongolia: Impact and Determinants -- Chapter 3. Mining Development Strategy -- Chapter 4: Budget Revenue Management -- Chapter 5. Impact of Mining on Local Livelihood and Social Licensing in Mongolia.

This paper examines the effects of inflation targeting on industrial and emerging economies' output growth over the "globalization years" of 1986-2004. Controlling for trade openness and two indicators of financial globalization, the authors find systematic positive and significant effects of...

The book constructs the Synergy Theory, a new theory of economic growth and calculation methodology. The book involves empirical comparative study on economic growth between China and the 14 developed countries, and on the basis of the synergy theory, divides GDP into labor compensation, capital...