The goal of this study is to contribute to the debate on the role of government spending in shaping the growth process. We take the analysis in three new directions. First, we investigate the role of government spending in a scale-invariant Schumpeterian model of endogenous innovation. Second,...

The shock of the pandemic and subsequent overlapping crises has led to a reversal in development by exacerbating the challenges facing the most vulnerable 75 economies eligible for concessional loans and grants from the World Bank’s International Development Association (IDA). Over 2020-24,...

In this article, we use recently developed oanel causality and cointegration techniques to examine the long-run relationship between inflation and economic growth of the 8 WAEMU countries. A panel of 256 observations was therefore constituted from the IMF (WDI) and BCEAO database. Our results...

In this article, we use recently developed panel causality and cointegration techniques to examine the long-run relationship between inflation and economic growth of the 8 WAEMU countries. A panel of 256 observations was therefore constituted from the IMF (WDI) and BCEAO database. Our results...

This paper investigates the effects of the bank’s non-performing loans (NPLs) as a percentage of gross private sector credit in the 21 Lower Middle-Income Countries (LMICs) including the four major South Asian economies during 1998 to 2015, with a focus on the macroeconomy and institutional...

The purpose of the study is to examine the relationship between income inequality and environmental degradation in ASEAN-6 countries namely Indonesia, Malaysia, the Philippines, Thailand, Singapore, and Vietnam. It also provide analysis from the Islamic perspective based on result of the...

This research investigates the multifaceted relationship between tourism, economic growth, and carbon emissions in Madagascar. Regression analyses were conducted to examine the impact of tourism receipts on economic growth and tourist arrivals on CO2 levels. The results indicate a significant...

Against the backdrop of demographic transition in India, the study highlights the necessity of integrating the elderly population as a critical factor in formula-based intergovernmental fiscal transfers. The demographic transition, characterized by an increasing elderly population, imposes...

In this article, we model the various budgetary states of the eight member countries of the WAEMU using Markov Chains. A panel of 512 observations was constructed from BCEAO database covering the period 1960-2023. Our results highlight a dispersed convergence of states towards the budget deficit...

In this article, we model the various budgetary states of the eight member countries of the WAEMU using Markov Chains. A panel of 512 observations was constructed from BCEAO database covering the period 1960-2023. Our results highlight a dispersed convergence of states towards the budget deficit...