This paper provides a multifaceted review and analysis of the Schumpeter's Theory of Economic Development and specifically the creative destruction effect intertwined with the business cycles, and their effectiveness in explaining the long-run economic growth by first, looking into the main...

This paper is a short history of the Indian economy since 1968. India today is a changed country from what it was half a century ago, when Myrdal published his Asian Drama. The stranglehold of low growth has been broken, its population below the poverty line has fallen markedly, and India has...

Combining concrete policy-oriented modeling strategies of World War II with what was received as traditional neoclassical theory, in 1956 Robert Solow constructed a simple, clean, and smooth-functioning "design" model that served many different purposes. As a working object it enabled...

Since the 1950s, beginning with Gerschenkron’s classic article, a great number of studies have examined Italy’s economic growth in the post-Unification period; and the quantitative evidence has been much improved, particularly by Fenoaltea. However, the cyclical variability of the Italian...

Knut Wicksell's concept of the natural (or neutral) rate of interest, introduced between the end of the 19th and beginning of the 20th centuries, has played an important role in modern monetary macroeconomics, especially after the development of inflation targeting policy in the 1990s. More...

This article analyses the nexus between exports, established indicators of governance, and economic growth in Fiji. It finds that exports and governance co-operate to promote economic growth. The interplay between these variables is also meaningful. The findings imply that Fiji needs to improve...

This paper deals with the causal relation between military spending and economic growth of a state. There are three schools of thought on this issue: military spending promotes economic growth; it retards economic growth; and there exists no causal relations between the two. Pakistan’s...

This study reviews the theoretical framework of sectoral decomposition and source decomposition. It isolates the sector-specific and the between-sector effects in accounting for aggregate poverty change in Cameroon using an exact decomposition and accounts for changes in household labour income...

This study combines different theoretical strands on development regarding the importance of the manufacturing industry for economic growth. Through a confluence of the Keynesian-Kaldorian, structuralist and neo-Schumpeterian frameworks, the paper argues that the manufacturing industry presents...

How do you value companies which have IPOed recently? How do you compare them amongst their peers? Valuing companies using a linear extrapolation of their revenues and profits leads to an ingenious method to benchmark stocks against each other. Here we present such a method, dubbed the growth...