This paper tests the relationship between trade and economic growth for the case of Romania, during 1998-2004. We …, export-led-growth hypothesis is verified. Bi-directional causality found for exports and output in the case of Czech Republic … and EU 15 is implying a virtuous circle of growth and exports, case that should be desirable for all the countries from …

The aim of the article is to compare total real GDP growth of European countries from the 3rd quarter of 2008 to the 3 … (Germany and its neighbours) experienced positive economic growth during examined period on average, while countries from … European periphery experienced negative economic growth on average during the same period. This difference was found …

long-run growth must be consistent with balance of payments (BOP) equilibrium and is, thus, determined on the demand side … hypothesis that the BOP-constrained growth rate (yb) must equal the natural (or potential) rate of growth (yn) and find that the … yb to yn , thus reinforcing the view, embodied in the ‘Law’, that long-run growth is demand-determined and constrained by …

. The proximity and convergence over time in terms of the growth of globalisation is also examined by using a panel data set …

This study proposes to examine the impact of tourism activity on the economic growth of Morocco and Tunisia. We … contribute here to the empirical literature on the tourism-led growth (TLG) hypothesis, by adopting the error correction model … causality from economic growth to international tourism receipts. …

, the “resource curse” truly to blame? Does oil really impede democracy and economic growth? “Revisiting the oil curse: are …