Do openness to trade and higher levels of human capital promote faster productivity growth? That they do is a key … on productivity growth. If the level of openness of an economy is doubled the underlying rate of technical progress will … implication of several versions of endogenous growth theory. To answer the question we use panel data on 93 countries spanning the …

institutions also influences economic growth and the ability of a country to attract trade and foreign direct investment …

determinant of the distribution of world population and a prime cause of the Great Divergence in income per capita across … asymmetrically. The gains from trade were channeled towards population growth in non- industrial nations while in the industrial … nations they were directed towards investment in education and growth in output per capita. International trade enhanced the …

motives), in which a low-income economy enjoys a high growth rate relative to a high-income economy, thanks to importing … technologies (or 'machines') invented in the high- income economy. Following Romer (1990), the growth of an economy is sustained by … productivity advances. The model can generate the growth paths of the U.S. and the South Korea. …

services, outsourcing is becoming increasingly cross- national and global. The growth of international outsourcing has …

This paper surveys the economic literature on the links between finance, law and growth in the Central and Eastern … based on an adequate legal system it can positively contribute to economic growth. However, the financial system in CEE …

between trade openness and economic growth. Examination is also performed on the isolated effects of trade volume on economic … growth, by using the trade sector size index, one component of the trade openness index, and effects of trade policy, by … trade openness and economic growth, as well as trade volume and economic growth is hypothesized, while a negative effect of …

Traditional trade theory emphasizes static gains form trade, whereas the growing literature on endogenous growth is … able to explain dynamic gains from trade, i.e., how trade influences economic growth. Empirical studies suggest that … assumptions concerning knowledge diffusion affect the effect growth. We show that even when a developing country completely looses …

sensitivity to lagged region-specific income. Also, excess sensitivity is inversely related to standard measures of openness and …