The present study analyses the relationship between financial development and growth for a sample of 28 less developed countries covering 1997-2019. In view of the cross-country correlation and country heterogeneity in the data, it uses CS-ARDL approach to fit Mean Group and Pooled Mean Group...

This study aims to shed some light on the causal link between bank credit supply and economic growth in Turkey for the banks with the different ownership structures between 1993Q4 and 2017Q3. Wavelet coherence test is used to obtain this objective and to answer the following questions: (i) does...

The objective of this paper is to analyze the relationship between financial liberalization and economic growth in Mexico during the period 2005 – 2019. A positive relationship between financial liberalization and economic growth is expected. Using private credit and remittances as a...

The city-state of Singapore is a rare case of market autocracy. The government systematically suppresses political dissent through its courts and legislature, and political power is concentrated almost entirely in the hands of a small governing body: the Cabinet of Ministers. At the same time,...

High growth companies play an important role in the context of national economic development. Gazelles contribute to increasing the growth rate of the national economy, provide additional jobs, and invest in R&D to maintain the current pace of development. Therefore, identifying high growth...

Using Periodic Labour Force Survey (PLFS) data, after making appropriate adjustments, we estimate that employment in India’s unorganized or informal manufacturing fell by 2.5 to 7.5 per cent in 2020-21, reflecting the impact of COVID-19. In the previous eight years, the average rate of fall in...

Real effective exchange rate (REER) imbalances may affect economic growth by altering the allocation of labour and capital across sectors. This study assesses whether the component of inter-sectoral production factor misallocation induced by REER misalignments significantly hinders economic...

We evaluate the short- and long-term effects of different growth-enhancing policy measures implemented in the euro area by simulating a calibrated New Keynesian model featuring endogenous growth via the private sector's R&D accumulation. We find that higher public investment in infrastructures,...