The objective of this paper is to propose an analytical framework to examine the foundations of the theory of efficient growth. The theory of efficient growth is a newly developed theory based on the principles of the neoclassical framework. It argues that an economy grows efficiently under two...

Purpose: This paper examines whether the economies of oil-exporting countries respond to oil shocks differently, depending on the country’s political economy factors, such as regional economic alliance, stage of economic development, and the exchange rate regime, using a structural Vector...

This policy brief prepared by ECLAC examines the economic and social impact of the war in Ukraine on the region, and offers countries recommendations on how to address its effects. The document analyzes economic and social variables as well as the different sectors of the regional economy that...

Chapter One: Introduction -- Chapter Two: Looking Back at How Egypt Got to Today -- Chapter Three: Navigating the Storms -- Chapter Four: Achieving Sustainable and Inclusive Growth -- Chapter Five: The Way Forward.

This paper examines macroeconomic performance and policies in small Pacific island economies (SPIEs). These economies are highly prone to various supply shocks and face severe obstacles to development arising from their geography and demography. However, the paper contends that their lacklustre...