An endogenous growth model with a financial sector is formulated, and empirical analyses are conducted. The model … address this point empirically, we fit data for 90 countries from 1960 2000 to a standard growth equation with a proxy for … financial activity. Firstly, it is shown that a growth enhancing outcome of financial activity is contingent on a sound …

To clarify the causal links between financial activity and economic growth, three theoretical models are analyzed and a …-run levels but may reduce growth rates in the short run. Empirically, based on data for 93 countries during the 1980 90 period …, it is shown that during the 1980s finance was predominantly a supply-leading determinant of economic growth. Our analysis …

An endogenous growth model on finance and growth is formulated, and empirical analyses are conducted. The model … address this point empirically, we fit data for 90 countries from 1960-2000 to a standard growth equation with a proxy for … financial activity. Firstly, it is shown that a growth enhancing outcome of financial activity is contingent on a sound …

growth and unemployment rates. In our growth model we show that enhanced foreign financial market penetration should increase … the overall growth rate unambiguously. The empirical analysis includes a wide set of indicators, each of them capturing … different aspects of financial development and financial market integration. On the basis of the estimations a weak growth …

growth and shocks volatility in a model with procyclical R&D and imperfect competition in goods and labor markets. We show … that the effects of uncertainty on long-term growth not only depends on the source of fluctuations, as recent literature …

This paper presents an analysis of the effect of bureaucratic corruption on economic growth through a public finance … seigniorage finance. This leads to an increase in inflation which, in turn, reduces capital accumulation and growth. At the …

Presented here is a simplified mathematical model exploring dynamic factors of the economic growth. In particular, it … examines two factors affecting the economic growth – first factor is an increase of the rates of product investment and another … factor is an increase of the rates of product demand. Economic growth is presented through an increase of the rates of …

inflation-growth effect. We compare this economy to more standard models with respect to the effect of the money / credit …This paper adds a credit services sector into a monetary endogenous growth economy in order to investigate the … exchange technology. We find a markedly negative effect of inflation on economic growth using very standard calibration …

of the GDP growth rate represents an economic trend and is inversely proportional to the attained level of real GDP per … the economic trend and is defined as a half of the growth rate of the number of 9-year-olds. This nonlinear relationship … between the growth rate of real GDP per capita and the number of 9-year-olds in the USA is tested for cointegration. For …