This paper aims to assess the effects of population aging on economic growth. We adopt the partial-adjustment model to regress the per capita GDP growth rates of 80 countries from 1960 to 2005 against a set of independent variables including the levels and changes in the proportions of the young...

High and volatile food prices pose a significant policy challenge around the world, and an understanding of the dynamics of food price inflation and volatility is essential in designing appropriate policy responses. Using the panel data for 72 countries from 2000 to 2011, the paper assesses the...

A strand of theoretical and empirical evidence in the literature suggests non-linearity in the output-inflation relationship, viz. a non-linear Phillips curve. We develop a VAR model of output, inflation, and terms of trade augmented with logistic smooth transition autoregression specifications....