Abstract This paper analyses determinants of household savings in a model based on an extension the disequilibrium theory. These extensions follow from life-cycle and permanent-income theories. Based panel data for 14 countries spanning period 2000–2018, fixed-effect least squares two-stage estimation procedures were used. In line with previous studies, there is strong robust evidence hypothese...

This paper provides new evidence on the stochastic behaviour of EPU (Economic Policy Uncertainty (EPU) index constructed by Baker et al. (2016) in six biggest economies (Canada, France, Japan, US, Ireland, and Sweden), also cross-country linkages, over period from January 1985 to October 2019. For this purpose, it uses fractional integration/cointegration methods measure degree persistence whet...

This paper reviews the cross-country record of economic growth, using as organizing framework how economic theory has guided that empirical analysis. The paper argues that recent studies of economic growth—both empirical and theoretical—distinguish from previous work in three distinct ways: 1. An explicit focus on cross-country growth and development experiences; 2. Improved, more extensive cro...