Economic growth seems to be out of the reach of many countries in spite of all the efforts of governments, international agencies and economic theories. Investment is necessary, but not sufficient for economic growth. The debate on sufficient condition continues. The present study focuses on...

Have nations embraced globalisation and integrated themselves into the international financial and trading system? We seek to untangle the puzzle of emerging economy dynamics and globalisation, thus, we test the integration/globalisation thesis. We engage the globalisation literature by testing...

The influential weekly The Economist recently proclaimed that emerging economies have reached a milestone by producing more than half the world's GDP. The Economists' argument suggests that emerging economies have embraced globalisation and integrated them into the international economic and...

It was not possible to test the neoclassical convergence theory on communist countries until the collapse of communism. The method of beta convergence indicates divergence among the liberated countries of Southeast Europe from 1980-2006. A more advanced quantile regression also indicates...

The change of regimes in former Soviet Bloc provides an opportunity to study the neoclassical growth theory in a region of the world that was excluded before because of the presence of centrally planned economies. A concern is whether these newly formed economies are converging to a unique...