export-orientated growth. We use a small open economy DSGE model with a tradable and a non-tradable sector to examine this … the Irish recovery is mostly export-driven with structural reforms playing a very minor role in stimulating growth in the …

. Recent research argues that models with persistent growth rate shocks and recursive preferences can solve that puzzle. I show …, then long-run risk generates insufficient exchange rate volatility. A long-run risk model with recursive-preferences can … generate realistic exchange rate volatility, if all agents efficiently share their consumption risk by trading in complete …

This paper attempts a re-examination of the relationship between the output volatility and economic growth using an … proxy of macroeconomic volatility has negative effect on economic growth. The results appear to be stronger when we include … between economic growth and volatility for the developing countries. The financial development indicator indicates significant …

In this paper, we employ a portfolio approach based on a two-country world to study the impact of financial openness on … the size of government and on other key economic variables, including the consumption-wealth ratio, the growth rate of … consumption-wealth ratio, and welfare should be greater in an open economy because of higher productivity and/or less volatility …

The role of regulatory quality as one of the so-called deep determinants of growth has emerged as an important issue in … economic research in the past 20 years. The positive or negative growth effects of a countryś regulatory framework are …. Therefore, the two potential determinants to growth might be interlinked. So far there is very little empirical evidence on the …

This paper investigates the influence of international openness on economic growth in a sample of 32 European economies …. The usual approach in the literature on the topic is to observe the impact of trade openness on growth. We, however … openness. Our research, in general, shows that openness is an important determinant of growth in a set of investigated …

average higher volatility of output growth (1) accumulated higher external assets in the long-run and (2) experienced more … procyclical capital outflows over the business cycle than those countries with a same growth rate but a more stable output path …. To explain this finding we provide a theoretical mechanism within a stochastic real business cycle growth model in which …

average higher volatility of output growth (1) accumulated higher external assets in the long-run and (2) experienced more … procyclical capital outflows over the business cycle than those countries with a same growth rate but a more stable output path …. To explain this finding we provide a theoretical mechanism within a stochastic real business cycle growth model in which …

average higher volatility of output growth (1) accumulated higher external assets in the long-run and (2) experienced more … procyclical capital outflows over the business cycle than those countries with a same growth rate but a more stable output path …. To explain this finding we provide a theoretical mechanism within a stochastic real business cycle growth model in which …