growth through capital accumulation. This paper contributes to this literature. As opposed to the previous studies, which … have mainly utilised panel-estimation methods, the tests of causal chains here are carried out in time-series settings …

While studies of the relationship between economic freedom and economic growth have shown it to be positive … growth. Along that line, Carlsson and Lundström (2002) present the surprising result that "International exchange: Freedom to … trade with foreigners" is detrimental for growth. We find that "Taxes on international trade" seems to drive this result …

Can green growth policies help protect the environment while keeping the industry growing and infrastructure expanding …, falling dust particle, and SOx highlight a trilemma among the growth of industrial firms, infrastructure development, and … plotted against both average firm size growth and paved road area expansion. This finding sheds light on the possibility of …

-homothetic preferences in a general-equilibrium model of endogenous growth and international trade between two countries, and argue that the … is high whereas the world growth rate is low. The introduction of non-homothetic preferences rises a number of …

processes, cointegration is a necessary condition both for consistent estimation of the parameters of the model and … compatibility between the model and the data. Tests find little support for cointegration and, together with an out …

are also reported on. The first shows that cointegration vector parameter estimation error is crucial when using VEC … alternative models, due to parameter estimation error, indicating that caution needs to be exercised when interpreting the results …

We conduct an extensive robustness analysis of the relationship between trust and growth for a later time period (the … uncertainty, we use Least Trimmed Squares, a robust estimation technique, to identify outliers and investigate how they affect the … results. We find that the trust-growth relationship is less robust with respect to empirical specification and to countries in …

We obtain time series estimates of the long run growth rates of 17 OECD countries, and test the hypothesis that these … long run growth rates, and; (ii) any policies that can raise national growth rates must be international in scope. The … results therefore have bleak implications for the ability of countries to affect their long run growth rates. …

We estimate the impact of FDI on growth using sectoral data for FDI inflows to China and Vietnam. Previous empirical … studies, using either cross-country growth regressions or firm-level micro-econometric analysis, fail to reach a consensus …. Our paper is the first to use sectoral FDI inflow data to evaluate the sector-specific impact of FDI on growth. Our …