A growth model of inflation, tax evasion, and financial repression

Article Abstract:

The correlation between financial repression, inflation rates and long-term economic growth was studied in a model in which governments impose repressive measures on financial sectors. Financial sectors are considered as compliant sources of government revenues while repressive measures are justified under anti-usury laws and control of money supply. Financial repression has numerous negative effects including the reduction of financial sector services, higher rates of money supply growth, high inflation, high seigniorage and low economic growth.

Tax evasion

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The composition of public expenditure and economic growth

Article Abstract:

The relationship between public expenditures and the rate of economic growth was studied by examining data from 43 developing countries for the period 1970 to 1990. It was assumed that the increase in per-capita income is only one of the goals of governments in implementing expenditures. It was concluded that while the link between current expenditure and growth rates was positive, the link between per-capita growth and capital portion of expenditures was negative, suggesting that developing countries were misallocating their public expenditures.

Developing countries, Government spending policy, Expenditures, Public, Public expenditures

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Inflation dynamics: a structural econometric analysis

Article Abstract:

A structural model for inflation is developed and used to assess the New Keynesian Phillips curve.

Economics, Research and Development in the Social Sciences and Humanities, Phillips curve

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