Over the past 30 years (1990-2019), African economies have experienced remarkable improvements in real macroeconomic conditions, characterized by higher and more stable real per-capita growth rates, and lower and more stable inflation, which deserves to be called a ”Great African...

Demand and Growth Regimes (DGR) and Macroeconomic Policy Regimes (MPR) frameworks have taken prominence within the post-Keynesian literature. However, the majority of studies based on these conceptual frameworks have focused on developed economies. The main contribution of this paper is to...

Sovereign Development Funds’ (SDFs) dual mandate of pursuing financial or commercial objectives alongside long-term strategic and developments goals presents several challenges. First, SDFs must identify why private capital are not allocated at sufficient scale to target sectors – which...

The discussion over the relationship between the inflation, unemployment and economic growth has been relevant over the centuries to a wide range of economic interests. It is agreed among the researchers and economists that reaching the price stability, ceteris paribus, will have a beneficial...

Bangladesh portrays the image of a developmental welfare state, as reflected in the country's Constitution and in numerous official policy documents including the successive Five-Year Plans. The implementation of the policies and programmes, however, has to contend with a serious problem of...

Using aggregate indices of education, health, demographic, and gender equality outcomes, we empirically investigate the hypothesis that Bangladesh achieved a higher level of social development compared with countries of similar level of per capita income. Stylized facts and cross-country...

Without national accounts statistics, citizens, politicians, entrepreneurs and economists would be blind for the size, composition and development in national economies. This book provides an unique overview of the merits and limitations of the national accounts. Attention is paid to the three...

The Economic Freedom of the World Index (EFI) is presently available for the years 1970-2002 for Sweden. In this paper I present Swedish Economic Freedom Index (SEFI), an attempt to create a corresponding index for the period 1950-70. By combining EFI and SEFI, it is possible to see the changes...

The development of countries in economic transition is often misunderstood. These countries are neither underdeveloped nor are they developed, they are somewhere in between. Therefore, macroeconomic models of transitional economies must include aspects of both underdeveloped and developed...