The study investigates the causal relationship between fossil energy sources, the production cost of oil and financial development on economic growth in Russia. The results show that Russian companies' production cost of oil and oil prices cause economic growth and the one-way causality is...

We examine the determinants of capital inflows for a global sample of countries at various stages of economic development, namely factor-, efficiency-, and innovation-driven stages. We investigate the effect of institutional quality on capital inflows. The magnitude of institutional quality...