In this paper, the author uses classical and modern econometric methods for the modeling of the economic growth rate dynamics in Romania, during the period 1990-2004. The output of this analysis is an econometric model that describes the dynamics of the economic growth process in Romania during...

This paper takes into account the recent role of social protection on economic growth as a socio-economic-political stabilizer. Social protection outcome in Sudan is influenced by limited targeting actions with very low interventions between results in economic growth and accesses to basic...

Research on the elasticity of substitution between capital and labor - ó - has been proceeding for 75 years. While there is clearly a strong case for the importance of ó in the analysis of growth and other economic issues, much less agreement exists on the value of ó. This paper offers some...

The number of variables related to long-run economic growth is large compared with the number of countries. Bayesian model averaging is often used to impose parsimony in the cross-country growth regression. The underlying prior is that many of the considered variables need to be excluded from...

This paper aims at verifying the nature of the relationship between financial development and economic growth in Brazil. From the theoretical point-of-view, although the prevailing view through which financial development generate direct impacts on economic growth, there are distinct positions....

The relationship between growth and inequality has been analysed by a number of recent empirical studies. This paper re-examines the relationship between of growth and inequality for the period 1956-2003 for Sudan. It builds upon different models to investigate empirically the relationship...

Against the background of the euro area sovereign debt crisis, our paper investigates the relationship between public debt and economic growth and adds to the existing literature in the following ways. First, we extend the threshold panel methodology by Hansen (1999) to a dynamic setting in...

The Environmental Kuznets Curve hypothesis argues that the relation between pollution levels and per capita income levels is inverse U-shaped. While different explanations have been offered, the reduced form nature of the regression model generally tested does not lend itself to statistical...

The paper addresses a topical issue – how expansionary fiscal policy affects the debt to GDP ratio. It examines whether the projected future economic growth (stimulated by government spending) is sustained with the resulting national debt. It is discussed if government investment in...