1. The effect of corruption on the nexus between public health expenditure and economic growth in Sub-Saharan AfricaOmobola H. Arowolo, Sunday O. Adewara, 2026, original scientific article Abstract: Government expenditure on health is an essential factor for the growth of any economy. However, the health system in sub-Saharan Africa (SSA) has not been receiving enough attention. The direct effect of public health expenditure and corruption on economic growth, as well as the role of corruption in the relationship between public health spending and eco nomic growth in 32 sub-Saharan African countries from 2000 to 2022, is examined by this study using fixed effect and the Generalised Method of Moments (GMM) as an estimation technique. The results show that both public health expenditure and corruption negatively impact economic growth, while the joint effect of public health spending and corruption enhances economic growth in SSA. Furthermore, the findings reveal that in flation hurts economic growth whereas gross capital formation and trade openness have a positive effect on economic growth. It is recommended that the government should formulate policies that will control corrup tion and raise the level of institutional quality in the SSA region.
Keywords: GMM, health expenditure, economic growth, corruption
Published in RUP: 24.08.2026; Views: 212; Downloads: 5
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2. SIFIDE’s double impact in Portugal : boosting R&D and optimizing taxesPedro Feliciano, Cristina Isabel Branco Sá, José Luís Pereira Martins, 2026, original scientific article Abstract: Economic growth is closely linked to innovation, with R&D playing a key role in generating new knowledge, products, and processes. In Portugal, public policies support R&D through financial incentives and tax benefits. This article examines the relationship between economic growth and R&D investment from both macroeconomic and microeconomic perspectives, focusing on national outcomes and firm-level performance, emphasizing the role of tax incentives in private R&D. Using a linear regression model, we find that innovation-intensive firms investing in R&D exhibit higher levels of tax planning, partly reflecting the direct effect of R&D tax incentives (SIFIDE), and potentially linked to more accurate tax management practices. Our findings align with international evidence while addressing a gap in the Portuguese context. The findings provide insights for policymakers and business leaders, emphasizing the need to monitor private R&D investments supported by SIFIDE and assess their real economic im pact, given the scheme’s substantial fiscal cost.
Keywords: economic growth, tax planning, R&D, tax benefits, SIFIDE
Published in RUP: 24.08.2026; Views: 231; Downloads: 7
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3. Shaping Stability : Can the Finance-Growth Nexus Achieve It?Ahmed Mahmoudi, Mohamed Torra, 2025, original scientific article Abstract: This paper assesses the tripartite link between a country’s financial (in) stability, its level of financial development, and economic growth. Using a panel of 21 countries over the period 2001–2020 and using the IMF Financial Market Index to proxy financial development, we find (i) that financial stability varies positively with the development of the financial system, and (ii) that the relationship between financial stability and economic growth depends critically on the level of financial development of each country. These results show that in the absence of financial development, the impact of economic growth on financial (in)stability will havedifferent effects. In addition, we performed a subsample analysis by dividing the overall sample into two subsamples based on stability levels. We find that financial development enhances stability more in the more stable subsample, while growth does so in the less stable subsample.
Keywords: financial (in)stability, financial development, economic growth, financial market index, emerging and developing markets
Published in RUP: 16.01.2026; Views: 627; Downloads: 11
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5. Comparative analysis of tourism-led growth in Slovenia and MontenegroSergej Gričar, Štefan Bojnec, Vesna Karadžić, Svetlana Rakočević, 2016, original scientific article Keywords: Slovenia, Montenegro, causality, tourism, economic growth
Published in RUP: 03.04.2017; Views: 6201; Downloads: 87
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8. Labour taxation and its impact on employment growthPrimož Dolenc, Suzana Laporšek, 2012, original scientific article Abstract: The paper aims to assess the characteristics of labour taxation for five different groups of workers and labour market performance (in terms of employment and unemployment rate) in the EU and to examine whether tax wedge affects employment growth in the EU. The descriptive empirical estimates show that the level of labour taxation varies greatly across EU Member States, by which the tax wedge tends to be higher among New Member States (excluding Cyprus and Malta). Furthermore, the panel regression analyses confirm statistically significant negative relationship between tax wedge and employment growth in the EU as a whole. Therefore, the empirical analysis suggests that the EU-27 should continue with the trend of reducing tax wedge, as this would have favourable effects on labour market performance, especially among New Member States.
Keywords: labour taxation, employment growth, labour market, economic policy, European Union
Published in RUP: 15.10.2013; Views: 5262; Downloads: 74
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