potential candidate countries. The analysis reveals that total factor productivity growth has been the main driver of … convergence, followed by capital deepening, whereas labour has contributed only marginally to economic growth. There is evidence … negative link between the initial level of GDP and subsequent growth. Labour productivity has improved in most countries, while …

, it is found that financial development is crucial for promoting inclusive growth, since it can stimulate economic growth …

relationship between financial development and economic growth, and especially, the link between the stock market and economic … growth. Through an empirical analysis for six countries in Eastern Europe (Bulgaria, Slovakia, Hungary, Poland, Czech … Republic and Romania) it is tried to show the link between the stock market development and economic growth in these countries …

growth literature. We have discovered that the prevailing literature has, however, misinterpreted Schumpeter, which leads to … important variables of the finance and growth literature. Our empirical analysis above all supports Schumpeter's view that … credit growth supports GDP growth while saving is irrelevant for credit growth and GDP growth. In sum, a correct …

This article investigates the effects of macroeconomic policy (monetary and fiscal) on output growth during financial …

cross-sectional regressions of manufacturing industries' growth rates covering 17 years. Net portfolio debt inflows are … negatively associated with growth during the mid 1990s. The magnitudes of the negative effect of surges in portfolio debt inflows … on growth are substantial in the late 1990s for a number of countries. The effect of debt inflows on growth in the 2000s …

, the following facts can be replicated: 1)persistent current account surpluses and 2) high TFP growth in China. Because …

This article investigates the effects of macroeconomic policy (monetary and fiscal) on output growth during financial …