Focussing on the long-run effects of ‘financialisation’ and increasing shareholder power in a simple Post-Kaleckian endogenous growth model, we examine the effects of increasing shareholder power on the demand regime, on the productivity regime, and on the overall regime of the model. Under...

This research examines the effect of financial development on volatility in economic growth. It demonstrates theoretically that financial development has a hump-shaped effect on volatility in economic growth. In early stages of the development of a financial sector, growth rates evolve...

Many empirical studies of economic growth in Third World countries are cross-national studies that have adopted single-equation OLS estimation to identify the determinants of economic growth. The problem with such an approach is that it often suffers from simultaneity bias. The present study...