This study illustrates the mechanisms linking national saving and economic growth, with the purpose of understanding the possibilities and limits of a saving-based growth agenda in the context of the Egyptian economy. This is done through a simple theoretical model, calibrated to fit the...

In the aftermath of its long-standing civil war, Sri Lanka is keen to reap the social and economic benefits of peace. Even in the middle of civil conflict, the country was able to grow at rates that surpassed those of its neighbors and most developing countries. It is argued, then, that the...

The paper investigates the relevance of McKinnon's complementarity hypothesis, which gauges the demand for money and physical capital in the finance motive for economic development. Contrary to the results obtained from some previous studies, it was found a strong support for McKinnon's...