Obvious differences between countries regarding their economic performance have led to the question whether the size, structure, and organisation of the public sector contribute to cross-country income levels and growth gaps. Public sector activities may have an effect on overall productivity...

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

Using a four-country Mundell-Fleming model including portfolio and wealth effects, we explore the question whether some types of policy coordination could improve the outcomes of a financial shock like the Asian crisis. Time-consistent equilibria are computed: a Nash equilibrium, a target zone...

Why did the Japanese economy stagnate beforeWorldWar II, how did it achieve rapid economic growth after the war, and why did it stagnate again after the 1970s? To answer these questions, I developed a two-country trade model with technology transfer, where firms in a developed country (the U.S.)...

This paper takes the position that technology transfers associated with foreign direct investment inflows (FDI) are an important determinant of economic growth in developing countries. The paper also posits that technology transfers, ceteris paribus, depend on the attributes of FDI providers,...

In the present paper it will be econometrically shown that economic freedom has a positive impact on share prices. Our data cover for the period 2000-2012 many countries of EU as well as Japan and the United States. Data are taken from Eurostat and World Economic Freedom Indicators. Eviews...

In the present paper an attempt has been made to estimate how political stability affects economic growth. This analysis refers to the three economic poles (EU, Japan and the United States) for the period (1998-2013). The findings of present model are in agreement with (Alberto et al., 1996; Aisen...