The objective of this paper is to investigate empirically whether there is any evidence that Foreign Direct investment (fdi) has had a positive impact on productivity in Middle East and North African (meda-9) countries. To this end, a panel data set over the period 1960-2004 was used. Our...

China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...

This paper examines the effect of foreign direct investment (FDI) on employment generation for a group of Latin American countries in the period 1980-2006. Using a dynamic panel model, which is estimated with the Arellano-Bover/Blundell-Bond system estimator, I find that FDI has a positive and...

In this work we made an empirical application of the model of Romer (1993) for the 32 states of Mexico on period 1990-2000, in order to determine if this country faces a gap of physical goods or a technological gap in the ample sense (that is to say, that inlcluye knowledge and ideas). We found...

The aim of this paper is to study the regional inequalities in the enlarged European Union using Exploratory Spatial Data Analysis applied to per capita GDP for 258 European regions over the period 1995-2000. Strong evidence in favor of global and local autocorrelation as well as spatial...

Sovereign wealth funds, investment vehicles created, funded and controlled by nation states, do not adhere to any clear legal status. Their public ownership and ultimate objectives, together with the private nature of their activities, most of which are confidential and international, have...