The aim of this country specific study is tounderstand long and short-run linkages between economicgrowth, energy consumption and CO2 emission using Tunisiandata over the period 1971-2004. Statistical findings indicatethat economic growth, energy consumption and CO2 emissionare related in the...

This paper empirically investigates and identifies the main contributing factors to output and productivity growth in Australia for the period 1950-2005. Cointegration and a vector error-correction model are used along with Granger causality tests, impulse response functions and forecast error...

Most empirical analysis of the finance-growth nexus has used measures of financial development such as the ratio of monetary or financial assets to GDP to measure financial development. We argue that from a policy perspective measures of financial liberalisation or reform are of greater interest...

There is a growing debate in the emerging market on the choice of an appropriate monetary or exchange rate policy that could lead to a sustainable economic growth. Inflation targeting has become one of these policy alternatives and has recently been implemented in some of the emerging markets in...

This paper extends previous research on the effects of process imitation on economic growth by accounting for stochastic intra-industry spillovers. We employ a non-Schumpeterian growth model to determine the impact of such spillovers on investment in industries where firms are either...

This paper proposes a pair-wise approach to testing for output convergence that considers all N(N-1)/2 possible pairs of log per capita output gaps across N economies. A general probabilistic definition of output convergence is also proposed. The approach is compatible with individual output...

Systemic economic transition is a process of determined radical institutional change, aprocess of building new institutions required by a market economy. Nowadays, the experienceof transition countries with the implementation of new institutions could be reviewedas a method of economic...

The aim of this study is to understand long and short-run linkages between economic growth, energy consumption and carbon emission using Tunisian data over the period 1971-2004.Cointegration procedure is used to analyze the time series properties of the series and error-correction terms were...

This study focuses on testing the relationship between income inequality and growth within U.S. counties, and the channels through which such effects are observed. The study tests three hypotheses: (1) income inequality has an inverse relationship with growth; (2) regional growth adjustments are...