The Great Recession endured by the main industrialized countries during the period 2008-2009, in the wake of the financial and banking crisis, has pointed out the major role of the financial sector on macroeconomic fluctuations. In this respect, many researchers have started to reconsider the...

The adoption of the 2030 Agenda for Sustainable Development by the United Nations General Assembly in 2015 has refocused global attention on the centrality of sustainability to the development discourse. Meanwhile, African countries are prioritizing structural transformation in their national...

Military spending has impact on social and economic conditions of any economy. Though, there has been mixed response found for the increasing military expenditure and economic growth in many countries. In this study attempt has been made to examine relationship between military expenditure and...

The aim of this paper is to investigate how major net oil exporter economies react to oil price shocks. We contribute to the literature by considering, at the same time, the possible nonlinearity and asymmetry of this relationship with respect to sign, size and causes of the oil price shocks, as...

More than five decades after the Green Revolution transformed agriculture in the Indian state of Punjab, with positive spillovers to the rest of India, the state’s economy has been struggling. Punjab has fallen behind in rankings of per capita state output, and is experiencing environmental...

This paper empirically examines the relationship between economic growth and structural change in India over recent decades. It first estimates panel regressions with state-level data, to examine the impact of structural change on growth and vice versa. Bidirectional causality is found, which...

The most important energy source for energy importing countries is renewable energy source. Difference of this study from other studies is to investigate the relationship between renewable energy use and economic growth for energy importing countries that increased their renewable energy use by...

This paper presents a data-oriented analysis of the effects of different kinds of economic shocks on Chilean output growth and inflation over the last 40 years. Two important results highlight the role of trade openness and countercyclical monetary policies to explain structural changes in the...

The correlation between savings and economic growth has been the subject of research for some well-known economists. This study provides further insight on such correlation by examining the case of Kosovo from both a qualitative and quantitative research methodology. The data used was from 2010...

There is a growing international concern about the slowdown in productivity growth, especially as labor productivity enhancements are important drivers of higher generalised living standards. Using administrative data of firms in Portugal between 2010 and 2016, we analyse the relationships...