The study of the determinants of entrepreneurship at the country levelhas been dominated by economic influences. The relative stability of differences in levels of entrepreneurship across coun-tries suggeststhat other forces such as certain institutional and/or cultural factors are at play. The...

In the neoclassical production functions model technical change (TC) is assumed to be exogenous and it is specified as a function of time. However, some exogenous external factors other than time can also affect the rate of TC. In this paper we model TC via a combination of time trend (purely...

We move beyond the all or nothing purchasing power parity (PPP) proposition that has been the norm in previous literature. We test whether inflation, nominal exchange rate volatility, and trade and financial openness influence the stationarity of real exchange rates on a sample of Latin American...

The significant impact of international tourism in stimulating economic growth is especially important from a policy perspective. For this reason, the relationship between international tourism and economic growth would seem to be an interesting empirical issue. In particular, if there is a...

The significant impact of international tourism in stimulating economic growth is especially important from a policy perspective. For this reason, the relationship between international tourism and economic growth would seem to be an interesting and topical empirical issue. The purpose of this...

The theoretical analysis of structural changes in the context of economic growth has a long tradition. However, studies which analyze the empirical relationship between these two economic categories are still very rare. In the literature, whether growth causes structural changes or the other way...

The objective of this study was to shed new light on the non-linear effects of inflation and the inflation thresholds for long-term growth in Africa. Using a dynamic panel threshold model, the study covered a large panel-data set of 41 African countries for the period 1960-2015. The sample was...

This paper develops a nonlinear econometric model of the determinants of capital flight for eighteen developing countries over the period 1978 to 1988. During most of the 1980s, capital flight proved difficult to reverse. Besides an uncertain domestic policy environment, costs associated with...

To investigate the sensitivity of real and nominal economic convergence of transition economies to model specification and restrictions, we extend the work of Kocenda [J. Compar. Econ. 29 (2001) 1] by considering a more stable, post-1993 period and by adopting a more recent panel estimation...

This paper attempts to enhance empirical understanding of the effects of structural-change variables on economic outcomes. The relationships between sectoral shares and (1) the speed of structural change and (2) economic growth were examined for a large panel of 111 economies over the period of...