Foreign direct investments are for the transition and less developed countries very important source of capital. Such investments have very positive impact on country's economy in terms of employment growth, industrial production growth, gross domestic product growth, favorable effects on the...

The purpose of the paper is to examine the direct and indirect links between democracy and economic growth. To do so, the authors estimate a dynamic panel simultaneous equations model on a sample of 16 Arab countries during the period 2002–2013. This study focuses on two particular channels...