The goal of this study is to contribute to the debate on the role of government spending in shaping the growth process. We take the analysis in three new directions. First, we investigate the role of government spending in a scale-invariant Schumpeterian model of endogenous innovation. Second,...

The government of China, to hone manufacturing’s competitive edge, has adopted a series of regional industrial policies to stimulate advanced manufacturing clusters as facilitators of agglomeration effects, utilisers of factor endowments, and implementers of innovation solutions, by playing...

This research aims to elucidate the organizational patterns of interregional economic interdependence to enhance our comprehension of the national economy's structure at a regional scale. Employing a multilayer network model, this study represents economic interdependence among Indonesian...

How does the interplay between natural selection, household education choices, and R&D activities shape our macroeconomic trajectory? To explore this question, we develop an innovation-driven growth model that connects household heterogeneity in education ability with endogenous fertility and...

This research paper investigates the nexus between tax revenue and economic growth in The Gambia from 2004Q1 to 2020Q4. The study employs the Autoregressive Distributed Lag (ARDL) model and bound test to analyze the dynamic relationship between tax revenue and economic growth. The bound test of...

The BRICS countries (Brazil, Russia, India, China, and South Africa) have seen varying GDP growth rates, averaging around 5 percent in the 1990s, rising to 8 percent in the 2000s, and about 5.5 percent from 2011 to 2020. Structural change and labour productivity are key for sustained economic...

This study examines the critical role of capital market governance in driving Bangladesh's economic growth. The paper analyzes the key components of effective governance, including transparency, fair market conduct, and investor protection. It assesses the current state of capital market...

In this paper a new evolutionary algorithm based on the region search evolutionary algorithm (RSEA) is developed for optimal energy management and operation of microgrids. Islanded microgrid operation is more crucial than the conventional distribution grids because of less dependency of the...

In the paper, I explored links between inflow of FDI, natural resource abundance and economic growth. Natural resource abundance is considered to slow down the economic growth. The paper explores if the natural resource abundance reduce the FDI induced growth in the host country. Using panel...

This paper reviews the state of the Ghanaian economy by putting the searchlight on key areas that contribute to the growth of the economy. The paper also adduces key sectors that contribute to the development of Ghana's economy.