Using a standard overlapping generations monetary production economy, faced with endogenously determined tax evasion by heterogeneous agents in the economy, we provide a theoretical model that indicates that both a lower (higher) level of financial development and a higher (lower) level of...

We investigate in this paper whether income growth has played any role on inequality in all nine young South American democracies during 1970-2007. The results, based on dynamic panel time-series analysis, suggest that income growth has played a progressive role in reducing inequality during the...

In this paper I investigate whether democracy in the Southern African Development Community (SADC) has had any effect on education during the 1980-2009 period. The results, based on panel time-series analysis (I use the Pooled OLS and Fixed Effects estimators in order to deal with heterogeneity...

I investigate whether primary school completion has played any role on total fertility rates in all fifteen countries of the Southern African Development Community (SADC) between 1980 and 2009. The evidence, based on panel time-series analysis (I use the Pooled OLS, Fixed Effects and Fixed...

In this paper I investigate whether secondary school enrollment has played any role on total fertility rates in all Â…fifteen countries of the Southern African Development Community (SADC) between 1980 and 2009. The evidence, based on panel time-series analysis (I make use of the Pooled OLS,...

In this paper we investigate the role of financial development, or more widespread access to finance, in generating economic growth in four Latin American countries between 1980 and 2007. The results, based on panel time-series data and analysis, confirm the Schumpeterian prediction which...

In this paper we investigate the role of macroeconomic performance, mainly in terms of rates of inflation, in determining economic growth in four Latin American countries which suffered hyperinflationary bursts in the 1980s and early 1990s, but that also differ in terms of development levels....

The main objective of central banks around the world is the achievement and maintenance of price stability, which actually creates an environment conducive for faster economic growth. Therefore, it is important for policy makers to understand the relationship between inflation and economic...

Se investiga el rol del comportamiento macroeconómico, principalmente en términos de tasas de inflación, como determinante del crecimiento económico en cuatro países de América del Sur que sufrieron episodios de hiperinflación en los años 1980 y principios de 1990: Argentina, Bolivia,...

This paper investigates the evolution of monetary transmission mechanism in Malawi between 1981 and 2010 using a time varying parameter vector autoregressive (TVP-VAR) model with stochastic volatility. We evaluate how the responses of real output and general price level to bank rate, exchange...