The dynamic capabilities framework has emerged as a growing area of research within business disciplines—the framework seeks to explain how and why firms adapt successfully to changes in their environments. Yet, whether such capabilities are effective in periods of environmental changes that...

In the era of globalisation and with the advent of knowledge economies, organisational innovation has assumed a critical role in enhancing economic performance of firms. Proponents of the Resource Based View of the firm and its more recent extensions such as the Knowledge Based View and Dynamic...

Most studies that use classical unit-root tests in OECD countries support the unemployment hysteresis hypothesis. However, similar classical tests performed on US data yield mixed results, uncovering specification issues. This study uses a number of panel unit root tests, which are known to...

Over the years, there has been extensive research on the relationship between a country’s export and economic growth with ambiguous and mixed results. Instead of using the conventional cointegration approach, this paper re-examines the export-led growth hypothesis for Kenya using...

This paper addresses the relationship between domestic savings and economic growth for various economies with different income levels. Using time series annual data, the Granger causality test was conducted. The study seeks to determine whether the direction of causality in these economies is...

: In the aftermath of the Asian financial crisis, there was widespread concern among the Asian economies that this could potentially have resulted in persistent inflation with volatile money demand in the region. By employing multivariate cointegration methodology, this paper examines the...

The health care delivery system of twenty five OECD nations is analyzed in this paper. This study seeks to assess the significance of various factors contributing to life expectancy and infant mortality for the 1990-2002 period. A fixed-effects panel data model was used to examine the factors...

Growth economists still face challenges and limitations to incorporate institutions into the standard growth framework. This article develops a simple augmented Solow growth model that accounts for the interactions between institutions and factor-productivity and examine the impacts of the...

The flexible price monetary model assumes that both the purchasing power parity (PPP) and uncovered interest parity (UIP) hold continuously. In addition, the model posits that money market equilibrium exists, which helps to determine the exchange rate. This paper explores exchange rate...

Using seven alternative measures of the institutions, this study examines the impacts of the quality of institutions on poverty rates in developing countries. The estimates obtained using the instrumental variable method (2SLS) show that the quality of institutions is negatively related with...