This study complements the scarce literature on growth determinants in fast emerging economies of the BRICS and MINT by assessing the determinants throughout the conditional distributions of the growth rate and real GDP output for the period 2001-2011. An instrumenal variable (IV) quantile...

This paper documents stylized facts on the process of structural transformation around the world and empirically analyzes its determinants using data on real value added by sector of economic activity (agriculture, manufacturing and services) for a panel of 168 countries over the period...

The change of regimes in former Soviet Bloc provides an opportunity to study the neoclassical growth theory in a region of the world that was excluded before because of the presence of centrally planned economies. A concern is whether these newly formed economies are converging to a unique...

The change of regimes in former Soviet Bloc provides an opportunity to study the neoclassical growth theory in a region of the world that was excluded before because of the presence of centrally planned economies. A concern is whether these newly formed economies are converging to a unique...

We propose a coherent unified approach to the study of the linkages among economic growth, financial structure, and inequality, bringing together disparate theoretical and empirical literature. That is, we show how to conduct model-based quantitative research on transitional paths. With...

Purpose – We assess growth determinants in the BRICS (Brazil, Russia, India, China and South Africa) and MINT (Mexico, Indonesia, Nigeria and Turkey) fast-developing nations for the period 2001-2011. Particular emphasis is laid on the bundling and unbundling of ten governance dynamics....

The concurrent growth of emerging countries stock market and their economies in the last two decades raises question regarding the fundamental linkage between stock price and key macroeconomic variables. This paper makes an attempt to examine the short-run and long-run relationship between stock...

Financial development has a major role in the sustainable economic growth of Central and Eastern European emerging countries, particularly after their political and structural changes. These changes required a reform of financial sectors of these countries, such as capital market development,...

The article evaluates the role of tourism in the economies of the BRICS countries, considered to be one of the most representative grouping among the emerging countries. Due to the impressive economic growth recorded in these countries, tourism has a growing share in their overall GDP, and large...