We develop an endogenous growth model with three goods, exportable, importable and non-tradable. We study the response … of the real exchange rate and of the economy growth rate to a decrease in the tariff rate. We show that trade … liberalization must be followed by a depreciation of the real exchange rate. We deduce that the growth rate of the economy increases …

This paper quantifies the welfare cost of consumption externalities in an endogenous growth model with habit formation … the efficient growth path is found to be very small. This result is extremely robust to variations in the parameter values … ; habit formation ; endogenous growth …

. It is also demonstrated that per capita consumption may not necessarily be a decreasing function of a growth rate. This …

economic growth model that is capable of generating stable equilibria, cycles, or chaos. This paper confirms stable economic … growth in China in the period 1980 - 2012 (www.imf.org). A key hypothesis of this work is based on the idea that the …

This study investigated the relationship between financial development and economic growth for Ireland for the period … growth or reversely taking into account the positive effect of industrial production index. Financial market development is … estimated by the effect of credit market development and stock market development on economic growth. The objective of this …

economic development of the Republic of Azerbaijan. Currently, the national economic growth is mostly based on the resource …. The mobilization of domestic savings is crucial for raising the economic growth and promoting development, as it is the … growth. -- economic growth and development ; savings ; investments ; financial institutions …

1960-1990 period indeed suggests that increases in political constraints precede economic growth. The effect of political …