Purpose: The purpose of this study is to provide an empirical analysis of the impact of external debt on total factor productivity (TFP) and growth along with the TFP channel through which external debt affects the growth of heavily indebted poor countries (HIPCs). Design/methodology/approach:...

Today, the realization that certain economic units, such as universities or other large tertiary educational institutions have an impact on the economy of their region has gained prominence. There is a growing demand for precise studies on the economic impact of such entities, and the issue has...

In developed countries, independent central banks control monetary policy. The goals and instruments of monetary policy are taught in every economics course; however, at times theory fails to work perfectly in practice. In our paper, we review the system of inflation targeting applied by the...