Purpose - This paper attempts to analyse the empirical link between economic growth and the external shocks in a small open developing economy, Turkey, focusing on the nonlinearity between the dynamics for the 1992-2011 period. Design/methodology/approach - This paper examines the effects of...

Purpose - This paper attempts to analyse the empirical link between economic growth and the external shocks in a small open developing economy, Turkey, focusing on the nonlinearity between the dynamics for the 1992-2011 period. Design/methodology/approach - This paper examines the effects of...

We present non-linear models to capture the turning points in global economic activity as well as in advanced and emerging economies from 1980 to 2017. We first estimate Markov Switching models within a univariate framework. These models support the relevance of three business cycle regimes...

The aim of this study is to examine the effect of Information and Communication Technology (ICT) development on country's scientific ranking as measured by H-index. Moreover, this study applies ICT development sub-indices including ICT Use, ICT Access and ICT skill to find the distinct effect of...

The study analysed the macroeconomic developments in the West African Monetary Zone (WAMZ), focusing on macroeconomic imbalances for the period 2001-2022. The variables of interest in this study include inflation rate, real Gross Domestic Product (GDP) growth rate, current account balance,...

This paper investigates the effect of FDI on economic growth conditional on the institutional quality of host countries. We first develop several theoretical arguments to show that institutional heterogeneity may be an explanation for the mixed results of previous empirical studies. Second,...

This paper investigates the effect of FDI on economic growth conditional on the institutional quality of host countries. As we consider institutional heterogeneity to be an explanation for the mixed results of previous empirical studies, we develop several arguments to show that institutional...

While previous studies have explored the relationship between inflation and economic growth, the existing literature on threshold effect of inflation on economic growth in the West African Monetary Zone (WAMZ) predominantly assumes a linear association, neglecting the possibility of...