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I construct an endogenous growth model where R&D is carried out at the industry level in a game of innovation between leaders and followers. Innovation costs for followers are assumed to increase with the technological lag from leaders. We obtain three results that contrast with standard...
Persistent link: https://www.econbiz.de/10014400811
We test the effect of foreign direct investment (FDI) on economic growth in a cross-country regression framework, utilizing data on FDI flows from industrial countries to 69 developing countries over the last two decades. Our results suggest that FDI is an important vehicle for the transfer of...
Persistent link: https://www.econbiz.de/10014397552
This paper reviews the fiscal revenue performance of Southern Mediterranean Arab countries (SMCs) over the last decade and compares this performance with selected middle income and Organization for Economic Cooperation and Development (OECD) countries. These revenues have been declining over the...
Persistent link: https://www.econbiz.de/10014403653
The paper presents a comparative analysis of macroeconomic dynamics of 18 Arab countries based on a panel vector autogression estimation. Comparing growth performance, fiscal and current account developments in these countries, the study concludes that (1) in the short run, external and...
Persistent link: https://www.econbiz.de/10014399971
Globalization—the intensification of international trade and finance linkages underpinned by economic liberalization and technological change—presents both challenges and opportunities to Arab countries. After reviewing this region’s disappointing performance in integration and growth,...
Persistent link: https://www.econbiz.de/10014403250
Sustaining a high rate of economic growth is the major policy issue facing the Arab economies. A detailed analysis of growth, investment, and savings for the period 1971-96, including through a growth accounting exercise, shows that increasing long-run growth requires improvements in both...
Persistent link: https://www.econbiz.de/10014403299
The main objective of Regional Trade Agreements (RTAs) is to stimulate economic growth in participating countries through increased trade, economies of scale, knowledge and technology transfer. Using a panel data over the period 1979 to 2018, this paper examines the contribution of regional...
Persistent link: https://www.econbiz.de/10012517925
capital-output ratio. Cross-country differences of TFP in turn are associated with differences in human capital, governance … and business climate indicators. We demonstrate that once levels of human capital and governance are taken into account …, there is strong conditional cross-country convergence. Poor countries with high levels of human capital, governance or …
Persistent link: https://www.econbiz.de/10012252005
Persistent link: https://www.econbiz.de/10009756815
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