Recognition of economic growth determinants is one of the most important concerns for economists. In the oil exporting countries oil revenues play a significant role for the economy alongside with other economic growth determinants. This paper attempts to investigate the role of oil in selected oil-revenue dependent economies. Since oil revenue goes directly to public treasury and is expended b...

We investigate whether the financial system dampens or exacerbates monetary shocks of inflation uncertainty to the economy. Our GMM-estimates for 88 countries over a period of 25 years show that inflation uncertainty has a positive and significant impact on the volatility of economic growth. More importantly, we find that financial development dampens the negative effects of inflation uncertain...

This paper investigates the impact of stock markets and banks on economic growth using a panel data set for the period 1976-98 and applying recent GMM techniques developed for dynamic panels. Econometrically, the paper illustrates the differences that emerge from different panel procedures. On balance, we find that stock markets and banks positively influence economic growth and these findings ...

Competition among economies to attain maximum economic growth has led environmental degradation. At the same time, technological innovations are empirically validated for having a role in achieving sustainable development. Good governance could make appropriate measures design frameworks, develop instruments, and set targets protect environment. The current study intends check nexus innovations...

The Gaussian mixture modeling (GMM) techniques are increasingly being used for both speaker identification and verification. Most of these models assume diagonal covariance matrices. Although empirically any distribution can be approximated with a diagonal GMM, a large number of mixture components are usually needed to obtain a good approximation. A consequence of using a large GMM is that its ...

BACKGROUND We used growth mixture modeling (GMM) to identify subsets of patients with qualitatively distinct symptom trajectories resulting from treatment. Existing studies have focused on 12-week antidepressant trials. We used data from a concurrent antidepressant and psychotherapy trial over a 6-month period. METHOD Eight hundred twenty-one patients were randomized to receive either fluoxet...