Lots of studies were produced in the past decade on the importance of the quality of the institutions for economic development. Several authors focused on the indicators provided by Doing Business (World Bank) to highlight the main factors favouring or rather limiting the economic development....

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...

A change in the nomina1 exchange rate will have an impact on domestic industry if foreign prices do not adjust to keep the domestic price constant. Local industries for two heavily exported products, Alabama’s chemicals and primary metals, were affected by the exchange rate from 1975 to 1990....

The world is aging. Scholars have recognized this and have investigated potential intergenerational conflict attributable to resource allocation as elderly retirees consume greater portions of a nation’s GDP. Nations with greater numbers of elderly have less productive economies. What has not...

The world is aging. Scholars have recognized this and have investigated potential intergenerational conflict attributable to resource allocation as elderly retirees consume greater portions of a nation’s GDP. Nations with greater numbers of elderly have less productive economies. What has not...

Using a reasonable growth model and a good dataset that covers a fairly wide intercountry cross-section, this study investigates the role of several factors in economic growth, with a particular focus on the impact of private investment and economic freedom. Seven main points are noted. First,...

This study empirically investigates the impacts of central government budget deficits and economic freedom on per capita real economic growth in OECD nations over the period 2006-2012. Economic growth is measured by the percentage growth rate of purchasing-power-parity adjusted real per capita...

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...

The objective of this study is to examine the impact of exchange rate on Nigeria’s trade balance. Time series data on trade balance, external reserves, exchange rate, money supply and real GDP were used in the analysis and the data were subjected to unit root tests to determine their time...

The paper investigates the relationship between export earnings instability and economic growth of the open and small developing countries which signed the Lomé Convention (ACP states). It has been empirically shown how export instability lessens the economic performance of these countries....