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Theoretical models of growth reveal that either exogenous or endogenous, technology is the main driving force behind the long-run economic growth. Furthermore, in the endogenous growth framework, diffusion of technology is the basic mechanism of per capita income convergence among countries....
Persistent link: https://www.econbiz.de/10010251655
The purpose of the paper is to examine the direct and indirect links between democracy and economic growth. To do so …–2013. This study focuses on two particular channels through which democracy affects growth, namely FDI inflows and public … consumption expenditure. The results show that there is no clear relationship between democracy and economic growth in the Arab …
Persistent link: https://www.econbiz.de/10011983284
The purpose of the paper is to examine the direct and indirect links between democracy and economic growth. To do so …-2013. This study focuses on two particular channels through which democracy affects growth, namely FDI inflows and public … consumption expenditure. The results show that there is no clear relationship between democracy and economic growth in the Arab …
Persistent link: https://www.econbiz.de/10011793219
Foreign direct investment (FDI) is generally considered a driving factor to economic growth. Nevertheless, empirical evidence is rather mixed, reporting a positive, neutral, or even negative relationship of FDI with growth. Our investigation concentrates on the impact of FDI inflows on growth...
Persistent link: https://www.econbiz.de/10012164555
While the economic theory predicts that developing countries will gain the most from technology spillovers, there have …
Persistent link: https://www.econbiz.de/10003656226
Persistent link: https://www.econbiz.de/10001666778
The paper examines the real per-capita growth effects of the quality of democracy, the rule of law, and capital flows … in developing countries. The direct growth effects of democracy are positive and often statistically significant …. Moreover, the estimates from a three-stage least-squares regression offer evidence that democracy has indirect growth effects …
Persistent link: https://www.econbiz.de/10014115956
The relationship between foreign direct investment (FDI) inflows and economic growth in host countries is a heavily debated issue. Although some studies have found evidence of the positive impact of FDI on economic growth, others have revealed the opposite result. Studies that examined the...
Persistent link: https://www.econbiz.de/10012268580
The study covers several aspects of FDI in the country, ranging from FDI patterns and FDIdrivers to FDI relations, growth and exports, taking into account several factors such as theformation of raw equities, macroeconomic stability, institutional capital and human capital.In recent years, the...
Persistent link: https://www.econbiz.de/10013219828
The inflow of technology-based FDI into a country helps to develop the manufacturing sector which brings about an increase in aggregate output which boosts economic growth. It is against this backdrop that this study examined the link between technology-based FDI, manufacturing output and...
Persistent link: https://www.econbiz.de/10012862690