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This study investigates how governance and infrastructure modulate the effect of natural resource rents on economic growth in a sample of 110 countries for the period 2000-2018. The empirical evidence is based on Panel Smooth Transition Regressions (PSTR). The following findings are established....
Persistent link: https://www.econbiz.de/10013389128
State and market failures but failed to provide a unified theory, the former has left the challenging concern of how …-run respectively. While the paper postulates for a unified theory by reconciling the WC and the BM to complement the NSE, it at the … unifying a development theory and to the LIP literature on institutional preferences with stages of development. Hence, the …
Persistent link: https://www.econbiz.de/10012112218
State and market failures but failed to provide a unified theory, the former has left the challenging concern of how …-run, respectively. While the paper postulates for a unified theory by reconciling the WC and the BM to complement the NSE, it at the … unifying a development theory and to the LIP literature on institutional preferences with stages of development. Hence, the …
Persistent link: https://www.econbiz.de/10012847962
State and market failures but failed to provide a unified theory, the former has left the challenging concern of how …-run respectively. While the paper provides a unified theory by reconciling the WC and the BM to complement the NSE, it at the same time … reconciling the WC with the BM, the study contributes at the same to macroeconomic NSE literature of unifying a development theory …
Persistent link: https://www.econbiz.de/10013047702
State and market failures but failed to provide a unified theory, the former has left the challenging concern of how …-run respectively. While the paper postulates for a unified theory by reconciling the WC and the BM to complement the NSE, it at the … unifying a development theory and to the LIP literature on institutional preferences with stages of development. Hence, the …
Persistent link: https://www.econbiz.de/10012058464
We model core demands for better governance (political, economic and institutional), more employment and less consumer price inflation using a methodological innovation on the complete elimination of cross-country differences in signals susceptible of sparking social revolts. The empirical...
Persistent link: https://www.econbiz.de/10011794969
In this study, nexuses between governance and natural resource rents are assessed in 44 sub-Saharan African countries using data for the period 1996-2016. The empirical evidence is based on Tobit regressions. The findings show that political governance (entailing “voice &...
Persistent link: https://www.econbiz.de/10013041366
In this study, nexuses between governance and trade performance in terms of natural resource rents are assessed in 44 sub-Saharan African countries. The empirical evidence is based on Tobit regressions. The findings show that political governance (entailing "voice & accountability" and political...
Persistent link: https://www.econbiz.de/10013489514
This study investigates: (i) the effect of foreign direct investment (FDI) on total factor productivity (TFP) and economic growth dynamics, and (ii) the relevance of value added from three economic sectors in modulating the established effect of FDI on TFP and economic growth dynamics. The...
Persistent link: https://www.econbiz.de/10012798944
This study investigates: (i) the effect of foreign direct investment (FDI) on total factor productivity (TFP) and economic growth dynamics, and (ii) the relevance of value added from three economic sectors in modulating the established effect of FDI on TFP and economic growth dynamics. The...
Persistent link: https://www.econbiz.de/10013311097