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important new insights for many fields: The estimation of the production potential in an open economy, growth decomposition …
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-complex legal systems. In theory, this type of regulatory reform promotes economic efficiency, leading to higher levels of …
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There is a general acceptance of the fact that a significant direct relationship between financial markets and macroeconomic variables exists, especially by considering the assertion that developed financial markets correspond to high GDP levels. This paper provides an investigation of the...
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In the Structuralist-Keynesian approach, economic growth is a cumulative causation process driven by a continuous interaction between macroeconomic and technological dynamics, involving several structural variables. In this context, labour productivity is both an input of the growth process,...
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theory appears not to be a cumulative science so far. When attempts are done to settle controversies by "nature" (testing the … or non-identified when testing them. Two examples are provided, one in growth theory and testing convergence, one in … business cycles theory and testing inflation persistence. …
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