This study reviewed the literature on sustainable economic growth and institutions in the context of developed and less developed countries specifically Pakistan. It also surveyed the studies conducted to empirically asses the validity of neo classical convergence. This review have clearly...

This paper explores the trends in globalization especially financial sectors liberalization as promoted by international donor agencies and its impact on developing world with special emphasis on Pakistan. The paper highlights the shortcomings in policy implications of promoting financial...

This paper analyzes the long-run dynamics between quality of institutions measured by recently developed Index of institutionalized social technologies, and Economic performance in the sample of 84 countries covering the period 2002-2006. Panel cointegration tests and FM OLS (Fully Modified OLS)...

Conventional wisdom suggested that investment flows in where you have abnormal returns that resulted in a high productivity area. However, FDI behaves peculiarly, as most are targeted towards developed countries where excess competition drives down returns and ultimately productivity. On the...

In the last decade, one of the biggest global issues that have been debated upon is whether increased rates of migration, diversity, and the resulting polarization stemming from these factors have any impact on economic growth and the development of countries. Accordingly, this paper explores...

Financial Liberalization in recent years is seen as a driver of economic growth. However, at the same time, many authors have argued that free capital mobility produces macroeconomic instability and contributes to financial vulnerability in emerging nations. For example, Stiglitz (2002) has...

The main aim of this study was to investigate the impact of culture, values, institutions, and happiness on the world's philanthropy. Culture is measured by Hofstede index (i.e. individualism-collectivism, masculinity-femininity, long and short-run orientation, uncertainty avoidance, power...