In order to better understand relationships between the real economy and financial economy, it is necessary to formulate a model of financing. New Keynesian theory emphasizes that a firm’s net worth influences investment decisions and business cycles under an imperfect capital market. We have...

The theoretical richness and variety of the new growth literature can make it difficult to capture the essence of growth models. With this paper, we wish to provide one possible integrating view of the nature of the growth generating processes. Revisiting the models that constitute the core of...

The purpose of this paper is to analyze the relationship between energy consumption and economic growth in Saudi Arabia and United Arab Emirates for the period 1990-2010. The paper will also assess the impacts of changes in energy prices on aggregate energy consumption, and finally, the paper...