Infrastructure provision in backward areas has been proposed by many studies as a cure for widening income gaps in developing countries like China. However, little has been said regarding infrastructure’s role as an unpaid production factor or the issue of optimal resource allocation. This...

During the period 1950-2002 Africa has experienced a lower degree of economic development than Asia, due to several circumstances, and particularly to the low educational levels of population in many African countries. In this article we present the estimation of some econometric models of...

According to trade theory trade policy can impact quite differently (positively, negatively, nil) on economic growth depending on the model assumptions such as perfect or imperfect competition due to the existence of economies to scale or externalities. This result is replicated when the impact...

The paper tests the hypothesis of a positive impact of democratization on growth, economic development and changes in well-being. We construct an empirical model to explain the impact of political institutions (democracy), economic institutions, financial market efficiency, scientific...

There is a large research literature which quantifies the important contributions of public, private and human capital to economic growth and poverty reduction. However, studies based on the endogenous growth model tend to exclude the effects of relative prices on economic growth. This paper...

This articles emphasizes the important role of human capital, manufacturing and imports to increase real income per inhabitant and non-agrarian employment. Some researchers specialized in economic growth analyse the export-led growth in many countries and insist upon the importance of openness...

Combining the classical “push-pull factors” and the “Lucas paradox” theoretical approaches, and taking into account the relationship between components of capital flows -through Three Stage Least Square (3SLS) estimations-, this paper shows that physical infrastructure and financial...

The sign of worker remittances in growth regressions is heavily disputed in the literature. Comparing two growth regressions with different signs for the remittance variable we show that collinearity with the lagged dependent variable might indicate that collinearity should be investigated...

This paper explores how six indicators of domestic and global development, influence the dissemination of volatility in trading partner growth rates. Using a dynamic panel, fixed-effects, system GMM methodology, I find that for the most part, developing countries can indeed cushion their...