This study investigates the impact of the current financial crisis on Canada''s potential GDP growth. Using a simple accounting framework to decompose trend GDP growth into changes in capital, labor services and total factor productivity, we find a sizeable drop in Canadian potential growth in...

In this paper we estimate gravity models to see whether trade volumes of countries in the MENA region are significantly lower than what would be expected given their economic, cultural and geographical characteristics. Our empirical results show that the variables used in standard gravity models...

The health of the Russian economy still depends heavily on natural resource revenues. The history of the economic collapse and recovery in 1970–2004 provides new evidence on the sources of Russian economic growth, while a survey of the economic literature suggests that the Russian economy...

This paper examines the external sustainability and competitiveness of Benin’s economy. Balance of payments flows suggest Benin’s external position is sustainable. Large trade and current account deficits are comfortably financed by inflows through the capital and financial accounts, in...

This paper presents the primary institutions and economic policies that have led to Chile’s remarkable record of stability and growth over the past twenty years. The core of this policy stance is the combination of fiscal discipline and an open trade policy regime, together with carefully...

This book argues that ideas in the social realm are the context-bound products of distinct histories and cultures and thus cannot be co-opted across place and time. When ideas are used out of context, they become mere empty words that are depicted as absolute ideals, independent of the specific...

Chapter 1. Introduction -- Chapter 2. Regional human capital inequality in Europe -- Chapter 3. Spatial clustering of numeracy and literacy -- Chapter 4. Human capital and market access in the European regions -- Chapter 5. The long-run impact of human capital on innovation and economic growth...

Indonesia's Islamic banking: Shari'ah implementation, genesis, and socio-political context -- Recent development of Indonesia's Islamic banking: the economic realities -- Theoretical background and review of related literature -- Comparative study of Islamic banking regulation frameworks in...

An in-depth understanding of the relationship between innovation factor allocation, the institutional environment, and high-quality economic development can help us better comprehend how better productivity promotes high-quality, regionally coordinate, and balanced economic development. Using...