To understand the growth effects of currency undervaluation we estimate its impact on the different components of GDP. We find that, for developing countries, undervaluation does not affect the tradable sector, but does lead to greater domestic savings and investment, as well as employment.

In recent years, the term “fear of floating” has been used to describe exchange rate regimes that, while officially flexible, in practice intervene heavily to avoid sudden or large depreciations. However, the data reveals that in most cases (and increasingly so in the 2000s) intervention has...

Recently, many countries have been making an effort to reduce their carbon dioxide (CO2) emission, and as part of such effort, the United Nations Framework Convention on Climate Change (UNFCCC) adopted the Kyoto Protocol in 1997. South Korea is very likely to be included in the second batch of...

Iran’s agriculture part is one of the areas that can have an important effect on the growth of country’s economy. Concerning this, variables that can increase value added agriculture have been concentrated on and the government is supporting them. One of these policies is granting loanable...

The main objective of this study is to review the literature on monetary issues and discuss how money and monetary systems contribute to the achievement of sustainable growth and inclusive economic development. The paper is based on an extensive review of literature that deals with monetary...

FDIs have also entailed a series of political implications in addition to the economic effects, especially in the context of the accession of Central and Eastern European countries to the European Union.According to the specialists, for a given country, intense growth periods are characterized...

FDIs have also entailed a series of political implications in addition to the economic effects, especially in the context of the accession of Central and Eastern European countries to the European Union.According to the specialists, for a given country, intense growth periods are characterized...

In the literature there is a great debate on the growth effects of international financial integration. It is argued that the direction and the magnitude of the effect of financial integration on growth depend on some structural and economic characteristics of the economies. This implies that...

The main idea of this paper consists in offering a general view regarding a comparative analysis between different EU countries on public debt and economic growth. In the meantime, this is the evidence that the annual shift of the public dues ratio and the budget deficit to GDP ratio are seen in...

Few scientific papers treat the role of institutions on the relationship between foreign direct investment (hereafter FDI) and economic growth. In the existing literature, the FDI effects on growth are not easy to understand. Mixed findings, both theoretical and empirical, have been provided on...