Externalities play a central role in most theories of economic growth. We argue that international externalities, in … particular, are essential for explaining a number of empirical regularities about growth and development. Foremost among these is … that many countries appear to share a common long run growth rate despite persistently different rates of investment in …

This paper examines the relationship between trade (exports), growth, and inequality, using a panel of 100 countries … of trade (exports) on growth. The findings are that in general trade openness advances growth while inequality reduces … threshold is allowed for. Thus, trade generally promotes growth and relatively high inequality retards growth. …

'Regional growth and development in Southern Africa', and consider policy options for escaping economic stagnation. The focus is … on South Africa and South African policies yielding relatively quick dividends in terms of growth and taking the rest of …

German regional data (NUTS 1 level) for GDP, trade, and FDI activity during the period 1976-2005. Applying various … homogeneous and heterogeneous panel data estimators to a Spatial Panel Error Correction Model (SpECM) for regional output growth … equation, the empirical results support the hypothesis of export- and FDI-led growth. We also show that for export and outward …