This paper explores whether natural resource abundance is a curse or a blessing. In order to do so, we firstly develop a theory consistent econometric model, in which we show that there is a long run relationship between real income, the investment rate, and the real value of oil production....

“Growth is good for the poor” is a ubiquitous statement and one generally backed by theory, research and history. In the long-run, growth reduces poverty. Yet, growth in output - per se - is neither a necessary nor a sufficient condition for poverty reduction in the short-term. The paper...

The Environmental Kuznets Curve (EKC) hypothesizes that the income-pollution relationship has an inverted U shape: pollution increases with income up to a turning point beyond which it decreases. The empirical literature has concentrated on estimation of this relationship at the mean employing...

This paper examines the effects of both permanent and temporary emigration on human capital formation and economic growth of the source regions. To achieve this end, this paper explores the Chinese provincial panel data from 1980 to 2005. First, the fixed effects model is employed to estimate...

This paper focuses on discussing the relationship between China's economic growth and inflation during 1953-2004 by using an empirical analysis. The study has found that the increase of the inflation rate would increase the nominal growth rate of industries, but it would decrease the real growth...

Using panel data, this paper explores the effects of openness to international trade and foreign direct investment (FDI) on economic growth. Fixed-effect and adjusted fixed effect (regional-effect) estimations yield results consistent with the hypothesis of conditional convergence. FDI has a...

Since 2000, Zimbabwe's government, as well as other international aid organizations, have repeatedly blamed the country's sharp economic downturn on persistent and severe droughts. Indeed, past research has shown strong links between rainfall and maize yields in sub-Saharan Africa, suggesting...

This study explores the empirical relationship of poverty with the other economic variables trade, economic growth and poverty. The inter connections among these variables are extensively discussed in the literature. Yet many studies have shown that the theoretically anticipated relationship is...

The “creative economy” creates buzz. But can it be created? Grit City (a.k.a. Tacoma, Wash.) tried to find out. The local Chamber of Commerce was the first group to work with Richard Florida, author of Rise of the Creative Class, and his Creative Class Group in an effort to grow a creative...