Within the mechanism of endogenous growth, this paper empirically investigates the impact of financial capital on economic growth for a panel of 60 developing countries, through the channel of domestic capital formation. By estimating the model for different income groups, it is found that while...

This paper investigates fiscal policy sustainability in Peru, the Philippines, South Africa, Thailand, and Venezuela using competing methodologies. Standard unit roots and cointegration analyses do not endorse the validity of the intertemporal budget constraint. In contrast, to varying degrees...

In this paper, we modify the Harris-Todaro model of migration to incorporate the impact of human capital, housing stock, and the availability of publicly provided goods such as healthcare and road provision in order to analyze the determinants of migration in different regions of Poland. We...