This study focuses on the implications of current account deficit upon the external debt increase in Romania, revealing higher risks for the sustainability of its international financial position. Considering the trade deficit as a main cause of current account balance deterioration, several...

The study is emphasizing the weak performances of the Romanian economy, unable to turn positive the current account deficits. On the contrary, because of rising problems in deficits financing through autonomous flows, the debt accumulation could lead Romania on the brink of entering a financial...

Die vorliegende Studie untersucht erstmalig für die Ukraine und Polen, wie der Wechsel der vertretenen Regierungspartei in der Region und die Absorptionsfähigkeit von FDI das regionale Wirtschaftswachstum beeinflussen. Die empirische Analyse erfolgt auf regionaler Ebene für den Zeitraum...

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....

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....

This paper examines empirically whether and how regional integration leads to convergence and growth amongst developing countries. Using standard growth models for nearly 100 developing countries over 1970-2004 we cannot establish robust growth effects of regional integration as such at the...

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....

There are two important effects of foreign direct investments (FDI) on a host economy: the effect on economic growth and the effect on export performances. Both economic features are important for the transition economies' prospects of European Union (EU) accession. After a short review of...

Die vorliegende Studie untersucht erstmalig für die Ukraine und Polen, wie stark sich das Wirtschaftswachstum der räumlich benachbarten Regionen auf die Wachstumsrate einer Region auswirkt. Die empirische Analyse erfolgt für den Zeitraum 2004-2012 anhand des Instrumentalvariablenschätzers....

This study investigates the relationship between foreign direct investment and economic growth by using seven years average annual data of 129 countries from the period of 2003 to 2009. Results indicate the significant positive relationships between foreign direct investment and economic growth...