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,...

The public leaders in Nigeria have been on a roller coaster journey to developing the economy of Nigeria and achieving sustainability. Since independence, on handing over to a new leadership, various plans and policies are always put in place as a better strategy to redeem the economy into...

This study examines the spillover dynamics over different frequencies between the positive and negative shocks of uncertainty indexes and economic growth and financial development for the Kingdom of Saudi Arabia (KSA) over 1993-2020 period. The drawback of traditional granger causality regarding...

We investigate the fundamental determinants of sustainability in general equilibrium. We adopt a definition of sustainability that requires that the welfare of future generations is not expected to decrease on average. We then use a stochastic growth model to explore the conditions under which...

A monetary general equilibrium framework is presented to investigate consequences of a monetary expansion in development contexts. The focus is on the process of inter-sector labor shift in conjunction with the effects on income and wealth distribution, where sectors are defined through a...

This study aims to examine the relationship between Exports and Economic Growth and their causality in the context of Mali. The model VAR is employed. Using time series techniques, the stationarity properties of the data sets are tested, followed by Johansen and Jesulius Cointegration analysis...

The term “low carbon growth” does not appear explicitly in any of the 17 Sustainable Development Goals and the 169 associated Targets (UN General Assembly 2015). Instead, it is mentioned by means of a synonymous term in one of the associated Indicators, i.e., in SDG Indicator 13.2.1. The...

The present article investigates empirically whether non-reciprocal trade preferences (NRTPs) offered by QUAD countries (Canada, the European Union, Japan, and the United States) to developing countries have helped to promote economic growth in the beneficiary countries. Two main blocks of NRTPs...

Banking sector openness may directly increase growth by improving the quality of financial services and increasing funds available, or indirectly by improving the efficiency of financial intermediaries, both of which may reduce the cost of financing, in turn, increase capital accumulation and...

The article investigated the impact and threshold of government debt on economic growth in 15 SADC as well as 15 ECOWAS countries from 1970 to 2017. The system Generalized Methods of Moments (GMM) panel data model was utilised. The study found that on average, a 1% increase in government debt...