The departure of Tony Thirlwall, a pioneer, renowned scholar, and a generous mentor, is a major loss to economics. This article reviews his main contributions to economics. The article focuses on his approach and method to economics and on his research output in the theory and empirics of growth...

This paper aims to assess the relationship among fiscal variables (government revenue and expenditure) in Sub-Saharan African countries. Using yearly data for the period between 1980 and 2011 in fifteen ECOWAS countries, a weak long-run relationship between government expenditure and revenue...

Keynesian economics dominated economic thought and macroeconomic policy-making in the 1950s and 1960s. However, the diffusion of Keynesian economics has been uneven. In this paper, we compare the spread of Keynesian economics in two continental European countries: Belgium and Italy. We focus on...

Most developing and underdeveloped countries beside Sudan suffer from the low levels of income in addition to the low savings that are result from the lack of sophisticated savings channels. Hence, the investment depends on the individual's abilities on self savings, where the investment is...

It is being repeatedly theorized that most of Arabic countries are still have long road for development. Classified as developing countries they should be requiring improvements in their economic performance parameters and the behavior of their productive variables. However, Iraq was a unique...

For nearly three decades, China has achieved an economic miracle. China's official GDP per capita increased almost tenfold, from about US$150 in 1978 to US$1,449 in 2005. China's growth measured by the purchasing power parity (PPP) has been even more impressive. The GDP per capita in terms of...

From its flow tide, fueled by the Cold War, to its ebbing with the anti-growth movement and the economic crises of the early 1970s, the “growthmen” of MIT stood at the center of the dominant field in macroeconomics. The history of MIT growth economics is traced from Solow’s seminal...

To eradicate poverty in all its dimensions is one of the greatest challenges humanity is facing. United Nations has given 17 Sustainable Development Goals (SDGs) which are to be achieved by 2030 and the first goal is to eradicate extreme poverty. This paper seeks to find out whether India can...

There are three schools of thought regarding economic effects of budget deficit: Neoclassical, Keynesian and Ricardian. Advocates of different school of thought elucidate different consequence of deficit budget. Empirical researches also failed to conclude concretely about the economic effect of...