This paper examines the effects of foreign direct investment (FDI) on South Asian economies’ output growth, utilizing recent panel cointegration testing and estimation techniques. Annual panel data on eight SAARC (South Asian Association for Regional Cooperation) member countries’...

The role of fiscal austerity has been questioned for centuries, but a rapidly increasing deficit along with the financial crisis in 2007 / 2008 influenced a renewed debate on the economics of austerity. This paper analyzes the role of austerity versus the role of economic growth. It also...

Informal network helps disseminate agricultural knowledge in the rural area where formal extension is lacking. However, how the interplay between formal training and informal network promotes technology adoption is still under-studied. This paper aims to examine the effects of training locations...

The paper starts from the premise that local development policy could be seen as a tool for effective management and usage of comparative and competitive advantages in space and time. By applying the centralized administrative model in managing society and economy, Bosnia and Herzegovina is not...

The transition from a linear bio-based economy to a sustainable circular bioeconomy depends not only on the skills that the different actors of the innovation system can find, develop, and exploit internally, but also on the efficiency with which they can access external sources of knowledge and...

Remittances have risen spectacularly in recent decades, capturing the attention of researchers and policymakers and spurring debate on their pros and cons. Remittances can improve the well-being of family members left behind and boost the economies of receiving countries. They can also create a...

This study identifies the determinants of tax revenue in Southeast Asia based on a balanced dataset of eight countries. By employing static (pooled Ordinary Least Squares (OLS), fixed effects (FE) model, random effects (RE) model and Driscoll-Kraay standard error) as well as dynamic panel data...

Purpose The entire world is now witnessing the Fourth Industrial Revolution and Artificial Intelligence (AI) is indeed altering the lives of the many in both developing and developed countries. Massive digital transformations are affecting the economies of those countries and are bringing with...

Taxes have extraordinary roles in any country's economic development and policymaking. This study extends prior studies by investigating the impact of direct and indirect taxes on the economic development of 47 developed and 90 developing countries. All data about the variables involved in the...