This study analyzes GDP growth in Denmark, Sweden and the United Kingdom, examining the determinants of potential growth, cyclical fluctuations in GDP and the contribution of the national economic policy of each of the three countries. High spending on research and development, particularly in...

In this paper, we attempt to assess the effectiveness of China's Poverty Alleviation Programs in contributing to economic growth in poor areas. To meet this overall goal, we briefly describe China's poor area policy and examine how its leaders have implemented one of the developing world's...

This paper aims to provide empirical evidence on the link between internal mobility and economic growth through the case of a European country, such as Poland. According to the study, the origin of immigration flows explains the trend of regional disparity. The estimates suggest that the impact...

Between May and June 2012 a series of earthquakes occurred in the Po Valley in Emilia, causing deaths and widespread damages to buildings and manufacturing plants. The negative economic consequences include, beyond direct damages, also indirect costs (e.g. economic loss through production chains...

The main objective of this paper is to estimate the output elasticity of foreign direct investment (FDI) and imports in Thailand and in the Philippines during the period 1970ñ1998. Applying a CES generalization of Cobb-Douglas production function, the output response to FDI is the same in both...

Over the years, there has been extensive research on the relationship between a country’s export and economic growth with ambiguous and mixed results. The mixed results are due to bi-variate approach used in the analysis and periodisation (combining both import substitution and export...

This article examines whether financial development has ‘caused’ economic growth in India since 1996. The dynamic interactions between the growth of real Gross Domestic Product and indicators of financial development are investigated using the concept of Granger Causality after...

This article attempts to analyse the impact of economic growth on poverty reduction in Indonesia during the New Order (NO) era (1966–98). It also discusses the need of ‘anti-poverty’ versus ‘pro-poor development’ policies and programmes for poverty reduction. The...

Exports affect economic growth through several channels. It is argued that not only the volume of exports but what you export also matters to growth. This article investigates the effect of exports and export composition on the economic growth process in Sri Lanka. Sri Lanka’s exporting...

In this article, a panel of 45 developing countries for the 1971–2009 period is used to investigate the dynamic relationship between electricity consumption and economic growth. We employ the system generalised method of moments (system GMMs) approach proposed by Blundell and Bond (1998),...