The balance of payments can act as a constraint to the rate of growth of output, on putting a limit to the growth in … calculate their balance of payments-constrained growth rates. By comparing these balance of payments-constrained growth rates … with the actual growth rates, we would be able to assess whether the balance of payments has acted as a constraint to …

homogeneous and heterogeneous panel data estimators to a Spatial Panel Error Correction Model (SpECM) for regional output growth … equation, the empirical results support the hypothesis of export- and FDI-led growth. We also show that for export and outward …

This paper investigates the relationship between volatility and economic growth in the European regions over the period … allow us to incorporate into the analysis the relevance of spatial effects in the processes of regional growth in Europe … business cycle and regional growth, which is mainly consequence of the spatial spillovers induced by the incidence of …

force of Korea's economic growth since the 1960's and it still expands its trade openness through active participation on … trade openness contributes to higher level of economic growth on the regions with lower levels of education, implying that …This paper is to analyze the effect of trade openness on regional inequality of South Korea. Trade has been the driving …

policy supporting economic growth of both autonomous. Ultra-small territories of small states under consideration are … model of their social-oriented economic growth. …

Does trade improve institutions and contribute to long run growth? I develop a theory of trade, in which trade …