In this paper, we analyse the relationship between international trade and economic growth in an unbalanced panel of 20 European countries in a long-term perspective, since the mid-19th century to present days, differentiating between the periods before and after the start of the Second World...

In the present paper an effort will be made to show empirically that disposable income has a positive impact on economic growth. Sample covers Western European countries and Japan for the period 1999-2007. Panel data are elaborated by means of Eviews software package

In pre-industrial Europe, growth was driven by the expansion of trade, and the expansion of trade was driven by falling trading costs. This paper discusses the mechanisms linking these processes: profit-seeking behavior by merchants, changes in the organization of production, technological...

In the present paper an empirical analysis will point out tourism has a positive impact on economic growth, thus supporting the findings of (Sequeira and Campos, 2005). The sample covers Western Europe. Data are taken from Eurostat. The elaboration of these panel data is made feasible by means...

This paper extends the model of Engler et al. (2007) on the adjustment of the US current account to a three-country world economy. This allows an analysis of the differential impact of a reversal of the US current account on Europe and Asia. In particular, the outcomes under different exchange...

The paper investigates the impact of exchange rate volatility on growth in Emerging Europe and East Asia. Exchange stability has been argued to affect growth negatively as it deprives countries from the ability to react in a flexible way to asymmetric real shocks and may enhance the probability...

The paper analyses the national and regional European maritime clusters according to the sea basin division proposed by the European Union Integrated Maritime Policy: Atlantic and Arctic oceans; Baltic, Black, Mediterranean and North seas. Besides the identification of all maritime sectors by...

In the present paper an empirical analysis will point out that government debt as a percentage of GDP has a negative impact (among others) on banking profitability. This impact will be even worse when this debt as a percentage of GDP exceeds a certain critical level. The sample covers during the...

In the present paper it will be pointed out with a panel data econometric model that government debt puts banking sector at stake since the volume of not performing loans goes up. The estimation of the model is made feasible through the Eviews software package. The present paper is based on...

In the present paper it will be pointed out econometrically that entrepreneurial calibre improves Balassa index. The contribution of this paper is that a new method to estimate entrepreneurial calibre will be introduced. Data are annual and cover most Western European countries and the USA for...