GMM estimation of autoregressive panel data equations in error-ridden variables when the noise has memory, is considered. The impact of variation in the memory length in signal and noise spread and in the degree of individual heterogeneity are discussed with respect to finite sample bias, using...

We examine determinants of, and interactions between, capital inflows, financial development, and domestic investment in developing countries during 2001-07, a period of surging global liquidity and low interest rates. Reductions in the global price of risk and in domestic borrowing costs were...

External resources for a low income country have the potential of accelerating growth but also of creating Dutch Disease effects. This paper analyses the empirical impact of the most important external resources, foreign direct investment, aid, and loans, on the Bolivian economy for the period...

This paper estimated models for GDP growth rates, poverty levels and inequality measures for the period 1990-2000 using data on 54 developing countries at 5-yearly intervals. Issues of globalization were investigated by analyzing the differential effects of exports and imports of countries and...

China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...