The discussion in this chapter rekindles the century-old debate on the association between Financial Development (FD) and Economic Growth (EG). This chapter draws from extant literature to discuss the nexus between FD and EG and provides insights on underlying theories, empirical evidence,...

The economic growth of any country plays a significant role in the progress of the country. The role of the foreign direct investment is very significant towards the progression of the economy of Pakistan. This study examines the impact of imports, exports, and foreign direct investment on GDP...

The purpose of this research is to investigate causal relationship between economic growth and major indicators of financial crisis - inflation rate, interest rate and the volume of foreign debt - in Pakistan. This study also highlights the stability of the relationship between indicators of...

Assuming a production process with returns to scale that vary with the intensity it is operated at, an AK-model of endogenous growth with constant returns to scale in production is shown to arise due to replication driven by profit-maximization. If replication occurs at the efficiency-maximizing...

This study undertakes an examination of asymmetric adjustment effects between electricity consumption and economic growth in South Africa using quarterly data collected from 1983Q1 to 2013:Q4. In our study, we employ a momentum-threshold co-integration method to examine the long-run equilibrium...

The aim of the study was to determine the relationship mechanisms between the economic growth and human development. The research used cross country survey research design. The research covers 40 countries, 10 countries from each of human development ranks. Multivariate multiple regression model...