This study investigates the fiscal sustainability hypothesis for a panel of 88 countries from 2000-2020. We applied the cross-sectional panel ARDL methodology to estimate both short- and long-run effects, as well as fiscal reaction functions of government primary surplus in response to increases...

This study examines the impact of health expenditure on economic growth in the BRICS countries during the period 2000-2021. Economic growth is measured by GDP per capita, while per capita health expenditure serves as the principal explanatory variable. Consistent with the framework of endogenous...

While the recent global inflation appears to be under control, significant uncertainty remains surrounding the future potential of disinflationary trends and the renewal of inflationary pressure. Therefore, it is crucial to study the dynamics of price discovery across the inflation rates of some...

Economic growth does not necessarily improve the welfare of all workers. In Colombia, for instance, total hours worked, and labor income increased much faster for salaried workers than for non-salaried workers following the recovery from the pandemic-induced recession of 2020. An estimated...

Industrialization represents a key policy option for sustainable economic growth, and governments must pursue structural transformation. The Ethiopian government has been designing and implementing different industrialization policies to achieve the desired structural transformation of the...