The paper determines empirically the local conditions and policy environment that influence the absorptive capacity of credit in the Nigerian economy for the period 1993:Q1 to 2013:Q4 using fully modified least squares. Findings show that credit is growth-enhancing, even when trade openness,...

The success of an economic system depends on its having a strong basis of legitimacy in society. For much of the twentieth century, the legitimacy of "American capitalism" was based on the public belief that it would most rapidly and successfully advance the economic progress of the American...

In the context of wide regional disparities emerging in the process of development, the banks have an additional responsibility in India. That responsibility is to enter the under developed regions and to mobilize and channelize resources into local economic activities such that local...

The financial crisis and the ensuing Great Recession created unprecedented federal budget deficits in recent years. In fact, these events, combined with subsequent slow growth and two continuing unfunded wars, have resulted in a national debt that is out of control by all meaningful measures....

This paper investigates the relationship between economic growth and government debt for one of the biggest economies in the world, the economy of China. The data were fitted into a regression equation using econometric techniques such as unit root tests and Granger causality. Regarding unit...

В данной работе представлен краткий обзор теоретических и эмпирических работ по учету научно-технического прогресса в моделях экономического роста, выявлены...

Oдним из наиболее актуальных и изучаемых в настоящее время вопросов является способность государства, государственной экономической политики оказывать...

The SHG-Bank Linkage Programme in India has been a flag-ship programme of National Bank for Agriculture and Rural Development (NABARD), with the objective of enabling the poorest of the poor to access financial resources to increase household income and to achieve sustained livelihood. The...

This paper presents new approaches to investigating economic growth and innovation activity as well as analyzing investment in R&D needs and efficiency in the context of contemporary challenges for European integration. Our research modeled the impact of R&D investment on GDP growth under broad...

Key studies have identified the need to study the role of sovereign debt on economic growth, particularly in relation to countries with heavily oil based status economies. This paper applies a panel vector autoregressive approach to examine the impact of sovereign debt on economic prosperity in...