presents empirical studies related to economic growth and its determinants across countries, based on the use of data …

consumption-wealth ratio, and welfare should be greater in an open economy because of higher productivity and/or less volatility … because of risk sharing. The theoretical results for the growth rate depend on differences in productivity and in consumption … the size of government and on other key economic variables, including the consumption-wealth ratio, the growth rate of …

inward FDI contributes to economic volatility in the host country. In this paper, we investigate the FDI-output growth …While existing literature points to a positive impact of FDI on host countries’ growth, little is known about how … volatility nexus focusing on manufacturing sectors of OECD countries over the period 1990 to 2015. We document a positive and …

This paper presents examination of how a pension policy affects income growth and the inflation rate in a utility model …. Even if the contribution rate of pension increases because of an aging society, an aging society increases income growth … and the inflation rate. Moreover, this paper presents examination of the optimal growth rate of the money supply. Because …