Product variety has played a central role in models of trade and growth. Classical trade theory postulates that the elimination of trade barriers improves welfare by reducing the wedge between domestic and import prices as well as the ensuing deadweight loss. An entirely different reason for the...

The study investigates the effect of the instability of export earnings on gross fixed capital formation (total investment) in Ghana over the period, 1981 to 2011, marked by continuous political stability. The analysis employs the autoregressive distributed lag (ARDL) method of cointegration to...

Reviewing the existing literature on openness and growth shows that there is not a clear definition of trade openness. For many authors trade openness implicitly refers to trade policy orientation and what they are interested in is to assess the impact of trade policy or trade liberalization on...

In the article, we analyze that how the innovative activity affects to income redistribution, which have been considered for prolonged period. The effect of spending on R&D usually affects to higher income level; however, the lower income group also becomes easier to approach to high-tech...

This paper provides empirical estimates of the impact of immigration on economic growth. A dynamic overlapping generations computable general equilibrium (OLG-CGE) model is used for this purpose. The basic structure of the model follows in the Auerbach and Kotlikoff tradition. However, the model...

The relationship between investment in public infrastructure and growth has become a pervasive theme in the theoretical and empirical literatures on economic growth in both developed and developing countries alike. Much of the recent debate on the means to reduce persistent poverty in developing...

The role of research and development (R&D) as an engine for technological progress is well documented. For small and open economies spillover effects of foreign R&D appear to be the dominant source of productivity growth (Coe and Helpman; 1995 and Keller; 2004). There is, however, evidence that...

In line with the EU strategy on smart and sustainable growth, there has been an increasing attention directed to Research and development activities in the Czech Republic. Gross expenditures on R&D have doubled between 2000 and 2008 and the private R&D sector remains the biggest contributor to...

Developed economies are facing a problem of declining competitiveness on a global scale. The perspectives for sustaining the world economic leadership are associated with stimulating technological progress through innovations and investments to R&D. This is a challenge for the private sector but...