making due to its interrelationship with macroeconomic variables. This study reveals that per capita GNP growth for Japan and … Malaysia is significantly related to capital structure of firm and higher economic growth tends to cause to use more long term …

This paper analyzes growth and welfare effects of income taxation in a stochastic endogenous growth model with … effect on the expected growth rate. Paradoxically, this may induce welfare gains. The opposite results can be derived for a … ascribed to the specific int eraction of consumption and portfolio choice in the determination of growth and welfare. …

Research in development economics reveals that the bulk of cross-country differences in economic growth is attributable … to differences in productivity. By some accounts, productivity contributes to more than 60 percent of countries’ growth … progress, rates of real cost reduction and rates of productivity growth. I find that the effect of financial development on …

innovations as engine of growth? In a panel of industrial sectors across a large cross section of countries, I find that while …

effects of bank competition on economic growth. We obtain them developing a dynamic, general equilibrium model of capital …

¤ects of bank competition on economic growth. We obtain them developing a dynamic, general equilibrium model of capital …

economic growth in Cape Verde for the period 1980 - 2011. The study employs the Johansen and Juselius approach to cointegration …). Control variables such as interest rate and population growth rate were included in the analysis. The empirical result … indicates the existence of a long run relationship between economic growth and financial development variables in Cape Verde …

This article studies the effects of financial development on the sources of growth in different groups of countries … panel techniques. Results are consistent with the hypothesis: finance has a strong positive influence on productivity growth … primarily in more developed economies. In less developed economies, the effect of finance on output growth occurs primarily …