In the paper we construct two novel indices of relative centrality – peripheriality in order to test whether location has an impact on medium and long-run growth rates of the European Union Member States. We utilize two popular econometric approaches – standard cross-sectional growth...

We verify the impact of the so-called deep determinants on the level of economic real GDP per capita for an unbalanced panel of 207 economies within the period 1996-2004 using the Hausman-Taylor method of estimation. Institutional variables are detected to be endogenous. The results confirmed...

Wraz z globalizacja gospodarki swiatowej stopien wzajemnego otwarcia gospodarek wzrasta, co oznacza, ¿e wzrost gospodarczy staje sie coraz w wiekszym stopniu uzale¿niony od wzajemnych zale¿nosci miedzy gospodarkami. Pomimo dominacji popularnego pogladu o korzystnym wplywie otwartosci...