Despite the fact that previous studies have extensively investigated the foreign direct investment (FDI)-growth nexus, those studies have not considered the role of terms of trade as a proxy for international competitiveness and structural changes. This paper investigates the causal nexus...

This paper investigates the impact of foreign direct investment on total factor productivity conditional on relative backwardness in a panel of 45 African countries over the period 1980-2012. We use two measures of relative backwardness, namely: the distance from technological frontier and the...

To enhance the inflow of foreign direct investment (FDI) and ultimately to increase the economic growth, the countries have implemented a variety of financial and trade liberalization policies in the last three decades. Pakistan also initiated such type of policies. This study makes an analysis...

In the past two decades the volume of Foreign Direct Investments increased substantially becoming a phenomenon that characterizes the economic environment in the emerging markets. The aim of this working paper is to investigate the Foreign Direct Investments Inflows in the BRICS economies. The...

This paper investigates the direct and the indirect roles of migrant transfers in the saving behaviors of the Latin America and Caribbean (LAC) countries during the period 1997-2018. Using the autoregressive distributed lag (ARDL) panel estimation technique, the results based on the Pooled Mean...

This is the first attempt to examine empirically the effects of the implementation of digital public services (DPS) on the value of trade in green goods (TGG). By applying diverse econometric techniques to a sample of 25 European economies for the period 2012-2019, the results show that DPS...

This paper studies the remittances' effect on economic growth. Using panel data techniques, the authors estimate several specifications to provide support of such relationship for MENA countries over the period 19802009. The findings provide new robust evidence on how remittances are used in...

Compared to the rest of Europe, Germany exhibits an especially high concentration of wealth. According to estimates based on a microsimulation model, a German wealth tax could generate an estimated ten to 20 billion euros per year in revenue-even with high tax allowances-and slightly reduce the...

Die Vermögenskonzentration in Deutschland ist im internationalen Vergleich besonders hoch. Daher könnte eine Vermögensteuer auch bei hohen Freibeträgen ein Aufkommen von schätzungsweise zehn bis 20 Milliarden Euro im Jahr erzielen. Das zeigen die vorliegenden Schätzungen auf der Basis...

In a model calibrated to match micro- and macroeconomic evidence on household income dynamics, we show that a modest degree of heterogeneity in household preferences or beliefs is sufficient to match empirical measures of wealth inequality in the United States. The heterogeneity-augmented...