Cross-country regressions suggest that urbanization and FDI are important drivers of growth. However, it is not clear … that primacy eventually hurts growth performance. Since it is tough to interpret cross-country growth regressions, we … provide detailed evidence on the determinants of outward FDI from the US. FDI is higher in countries that are close to the US …

real-time, Bayesian estimation of a small monetary VAR with time-varying parameters. We use it to calculate the probability …

. These findings are established through the estimation of a spatial bivariate probit model. …

thereby fosters economic growth. We apply a structural estimation approach to fully track the endogenous mechanisms of the …This paper examines the impact of capital market integration (CMI) on higher education and economic growth. We take …. Using foreign direct investment (FDI) as a measure for capital flows, we present empirical evidence which largely confirms …

and economic growth, this paper revisits the question using a Bayesian Model Averaging approach. The analysis suggests …, there is no robust link, neither positive, nor negative, between output growth and fiscal federalism (measured as sub …

2016 and perform a Bayesian analysis of model selection to identify the most important correlates of growth. The analysis … growth, while that of the aforementioned traditional measures of outward orientation is only minor and statistically … measuring country openness may provide a valuable perspective on economic growth. …

inference even in large samples. Common estimation strategies in high dimensions or with tight restrictions can prove to be … estimation and identification of vector autoregressions to achieve sharper inference. First, we provide conditions when imposing …

Foreign direct investment (FDI) in services has grown significantly in recent years. Evidence of spatial relationships … in FDI decisions have been provided for goods manufacturing by utilizing physical distance-based measures of trade costs …. This paper investigates spatial interactions for services FDI using several distance measures, including physical distance …

We use Bayesian Model Averaging (BMA) to evaluate the robustness of determinants of economic growth in a new dataset of … economic growth implied by differences between regions and those within regions of a given country. In the cross-section of … countries is mostly a characteristic of regions in old EU member states. We also find robust evidence of positive growth of …