Geographic location of a firm reveals its country’s preference. This paper examines the agglomeration effects of the location of 1.5.5. and Japanese manufacturing firms within China’s 30 administrative regions during the period 1981—4996. The empirical results from the Conditional Logit...

Using panel data for 19 OECD countries covering the period 1986-1995, we find effect of general economic uncertainty on venture-capital investments to be significantly negative. The more irreversible late-stage venture-capital investments are much more adversely affected by such uncertainty than...

Workers’ remittances have become a significant component of financial flows to developing economies; for most Mediterranean countries, they are the main source of external finance. A large proportion of these transfers comes from Europe, with its communities of immigrants from the...

International capital mobility as a resource allocation issue has been extensively researched. Different methods and statistical approaches have been employed, with most of the findings showing a tendency of savings to remain in the country of origin. Some contradictions were the inevitable...

This paper examines the impact of various determinants on female labor force participation in developing countries. Based on data from the World Values Survey (2008) and the United Nations’ 2011 Human Development Report and a sample of twenty-one developing economies we find that the female...

The implications of exchange rate regimes on economic growth have received renewed attention in the aftermath of the recent global financial crisis. Creating both bivariate and tripartite regime classifications the present study examines their impact on growth for 156 nations spanning the period...

We study economic growth in four emerging economies – Brazil, Russia, India, and China (BRIC). Questions addressed are: (a) How do mediumterm growth determinants differ from short term determinants? (b) What are differences between growth effects of aggregate versus disaggregated exports? (c)...

Eastern European Countries have attracted large FDI in the last decade, so, accordingly to the theoretical literature, they should receive significant gains from inward foreign direct investment in terms of economic growth. However, often it is neglected the fact that the benefits of FDI vary...

To shed further light on the role of outward-orientation in economic growth, Dollar’s (1992) framework is extended by (a) applying the methodology to the more recent period 1985-90, and (b) comparing a conventional measure of outward-orientation with Dollar’s indices of real-exchange-rate...

Using data for about 160 countries, it is shown that, contrary to the widelyheld perceptions that have acquired the status of stylized facts, cross-country inequality in income declined, while that in life expectancy increased, during the 1990s. These changes imply unconditional...