I analyze output growth, volatility, and skewness as the joint outcomes of financial openness. Using an industry panel … of 53 countries over 45 years, I find that financial openness increases simultaneously mean growth and the negative … skewness of the growth process. The increase in output skewness appears to come from a more negatively skewed distribution of …

countries. The empirical evidence from cross-country growth regressions points to important transitional growth effects related … to trade policy reforms. The paper employs a simple growth model to examine these effects, formally developing the …

The paper is an attempt to observe the effects of the development of rent-seeking or lobbying groups on the growth pace … fostering or inhibiting most of the developing countries’ long-run growth levels. In addition to the vast literature on the … examples of the literature on lobbying and its effects on growth. Taking from Mancur Olson’s inspiring book, The Rise and …

The paper explores the linkage between income growth rates and foreign direct investment (FDI) inflows. So far the … evidence is rather mixed, as no robust relationship between FDI and income growth has been established. We argue that countries … comprehensive data set for regulations, we test this hypothesis and find evidence that excessive regulations restrict growth through …

The paper explores the linkage between income growth rates and foreign direct investment (FDI) inflows. So far the … evidence is rather mixed, as no robust relationship between FDI and income growth has been established. We argue that countries … comprehensive data set for regulations, we test this hypothesis and find evidence that excessive regulations restrict growth through …

This paper reconsiders the classic relationship between trade and economic development. We examine the short-term and … homogenous for all countries but rather varies according to the development stage and the degree of trade openness. We apply …