This paper tests the endogenous relationship between Foreign Direct Investment (FDI) growth and economic growth using a panel data set for 23 Organisation for Economic Co-operation and Development (OECD) countries for the period 1975-2004. In particular we estimate a two-equation simultaneous...

The aim of this study is to analyse the impact of health factors on economic growth and convergence across the Portuguese regions at the district level. Like education, health factors could be important for explaining the growth performance of regions through the increase in labour productivity....

The aim of this paper is to analyse the links between health status, education and economic growth in Portugal. Focus is given to the achievements made in infant mortality rate, which represents the most significant reduction among the OECD countries in the last decades. While this very positive...

The World Bank's 2009 publication Accelerating Catch-up: Tertiary Education for Growth in Sub-Saharan Africa outlines tertiary education reforms designed to promote knowledge economies. In this document, the World Bank recognises that reforming the tertiary education sector in sub-Saharan Africa...

The paper investigates the casual relationship between government expenditure, GDP and exports for Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka for the period between 1960 and 2010. Using cointegration and Granger causality, the results suggest that there exists...

A new economic order based on globalisation and localisation processes has changed the fundamental economic systems. This resulted in a severe recession in the mid 1990s in Finland. In order to overcome the economic recession, the government and industry began to emphasise technology and...

Traditionally, economists have been concerned over factors that improve economic growth, initially introducing physical capital and later human capital. We will consider a new factor, social capital. Also, we will introduce in this paper the effect of the fiscal policy on economic growth. In...

The 2004 Annual Review of Development Effectiveness (ARDE) analyses and evaluates the World Bank's development assistance activities. It concludes that the Bank has paid insufficient attention to issues of growth. Furthermore, it argues that without growth no sustainable poverty reduction is...

This article recognises that the Mexican financial crisis of 1982 marked a turning point in the country's development. The crisis followed a period of steady economic growth. Since then, the entrepreneurial state has been under steady attack by members of a new business elite, who are direct...

Recently, the EU Council adopted a new labour migration policy instrument – the EU Blue Cards (BC) – for attracting the highly skilled workers to the EU. The present paper examines the potential impacts, which BC may cause on less developed sending countries (LDC). Our results suggest that...