In an 80-country panel since the 1960s, the convergence rate for per capita GDP is around 1.7% per year. This "beta … "iron-law" rate of 2%. In the post-1960s panel, estimation without country fixed effects supports the modernization … long-term panel with country fixed effects also supports modernization, in the sense of positive effects of per capita GDP …

health, there is more inequality in the world than if we consider income alone. Such international inequalities in life …

This paper investigates the impact of stock markets and banks on economic growth using a panel data set for the period …

This paper examines the question of whether less-developed countries' (LDCs') experiences with foreign direct … empirical FDI studies that typically do not distinguish between LDCs and DCs in their analysis. First, we find that the … underlying factors that determine the location of FDI activity across countries vary systematically across LDCs and DCs in a way …

climatic changes on economic activity throughout the world. We find three primary results. First, higher temperatures …