This paper examines Brazilian economic growth as part of the project "Explaining Economic Growth Performance" launched by the Global Development Network (GDN), the purpose of which is to explain economic growth performances across seven regions of the world. According to the author of this...

This paper contributes to the analysis of the Caribbean's growth performance by setting out a framework for benchmarking indicators of key micro drivers and related structural policies that help explain differentials in productivity and real GDP per capita across the region, and relative to...

There is much interest among Economists using both theoretical and empirical approaches regarding subjective measures of well being. The present study is an attempt in this direction and it examines if there is a relationship between happiness of people and environmental degradation. We did...

This study investigates the impact of stock market development on economic growth in China. To this end, the quarterly data from 1996 to 2011 are used and the empirical investigation is conducted within the unit root and the cointegration framework. The results show that the relationship between...

We investigate the effects of political institutions on economic growth. We specifically explore this relationship while controlling for heterogeneity and model uncertainty. We use threshold regression (Hansen 2000) to search for possible nonlinearities and/or interaction effects with respect to...

Until recently the literature has found evidence of a positive, significant, and sizable influence of life expectancy on economic growth. This view has been challenged by Acemoglu and Johnson (2007). They find no evidence that the large exogenous increase in life expectancy led to a significant...

The aim of this study was to examine the extent to which crime affects the components of aggregate demand and vice versa for the case of Mexico, using quarterly data for the number of homicides and the components of aggregate demand for the period from 1990 to 2010. We estimated a Vector Error...

This paper investigates the impact of natural disasters on the long-term macroeconomic performance of a country. More specifically, we want to see whether the impact of natural disasters on economic growth is uniform across countries or it is differentiated according to the macroeconomic policy...

Developing economies as well as developed economies recognized appropriate tourism policies will be an important factor in promoting economic growth. BIMP-EAGA (Brunei-Indonesia-Malaysia-Philippines East ASEAN Growth Area) was conceived with the objective to speed up economic development among...

This paper examined the nexus between energy consumption, CO2 emissions and economic growth in Nigeria, for the period 1970-2011 within a dynamic multivariate framework. Specifically, we rely on the Zivot-Andrews unit root test, Gregory-Hansen cointegration test and subsequently estimate our...