The relationship between financial development and economic growth is the crucial issues which could grab economists and policy makers' attention to it. Financial market plays an essential role on each economy, because it conducts funds to those individuals or firms which have productive investment opportunities. If the financial system does not perform this role efficiently, the economic effic...

        This paper proposes a new forecasting model for investigating relationship between the price of crude oil, as an important energy source and GDP of the US, as the largest oil consumer, and the UK, as the oil producer. GMDH neural network and MLFF neural network approaches, which are both non-linear models, are employed to forecast GDP responses to the oil price changes. The resul...

Nowadays, the world economies are rapidly moving towards being more Knowledge-based Economy (KBE) and supporting the force of knowledge as a vital component of economic growth. This recent acceleration in the transition to Knowledge-based Economy in the world, has affected regional economic performance. In this paper, we surveyed the regional convergence in Knowledge-based Economy for selected ...

 Given that improvement in efficiency is a major resource to economic development, this can be applied to each domestic sector of an economy. The objective of this paper is to measure technical efficiency of the Iranian Post Company across the country’s provinces using data envelopment analysis (DEA). The ranking of technical efficiency has been calculated by using collected data on post offi...

An identity links the rate of economic growth, the speed of poverty reduction and changes in the distribution of income during some time period in a given country. A few authors used that identity to understand the causes for observed changes in poverty and to identify the exact role of economic growth in poverty reduction. Yet, many empirical cross-country studies of the relationship between g...

This paper presents a general model of an exchange economy with consumption externalities, and establishes the existence of equilibrium in the model, under assumptions comparable to those in classical models. The key aspect of the model is that the economy is described in distributional terms. JEL Classification D5