This research explores the effects of distance to the pre-industrial technological frontiers on comparative economic development in the course of human history. It establishes theoretically and empirically that distance to the frontier had a persistent non-monotonic effect on a country's...

This paper empirically tests the hypothesis that trade can act as an engine of growth using panel data for the Southern African Development Community (SADC), a regional integration agreement (RIA) organization, the central objective of whose formation was the need to accelerate, foster, and...

External conditions have been found to influence the tendency of emerging market and developing economies to experience episodes of growth accelerations and reversals. In this paper we study the role of domestic policies and other structural attributes in amplifying or mitigating the effect that...

Global value chain (GVC) participation has been identified as one of the means by which developing countries can attain inclusive growth yet little attention has been paid to it in sub-Saharan Africa (SSA). Motivated by the dearth of studies on SSA, we investigate the effect of GVC participation...

This paper investigates the impact of trade openness on economic growth and development for a sample of 85 middle-income countries over the period 1970-2009. The paper employs non-stationary heterogeneous panel cointegration techniques that take into consideration the impact of cross-section...

In this paper we examined the impact of the liberalization of financial sector on growth in small open economy of Ghana using time series data from 1970 to 2007. Using autoregressive distributed lag (ARDL) modelling approach we find long-run positive and significant impact of financial...

This paper assesses the role played by country specific factors as determinants of exports' diversification process. Using a panel data-set for 60 countries and twenty years (1985-2004) we confirm that even after clearing out differences in income per capita, cross section variability in the...

The study investigates the impact of trade liberalization on employment, its consequence to poverty reduction and how trade openness affects economic development in Pakistan. Although, increase in poverty and unemployment is observed, this study ascertains a growth in macroeconomics indicators....

In this paper, we examine the impacts of broad and regional integration on long-run economic development.We construct cross-country measures of regional integration that account for both the magnitude and the endogeneity of individual regional integration agreements. We then include our regional...

Developing countries, of which Ghana is no exception have actively engaged in trade openness after independence, yet, their economic growth remains low and this calls for urgent attention to address the situation. This study therefore examines the impact of trade openness on economic growth of...