By applying threshold analysis and quantile regression techniques, we investigate the linearity of the relationship between tourism receipts and economic growth. We find that a threshold exists, below and above which the relationship between tourism receipts and economic growth changes. In our...

We use a panel data set of 46 African countries over the 2003-2015 period to study the role of institutional quality in infrastructure-led growth. Based on causal analysis, we show large positive effects on growth for countries with strong institutional quality in comparison with their weak...

In the neoclassical growth models, deferring current consumption and saving part of current income plays an important role in explaining the process of economic growth. In the case of subsistence economies, however, making such economic decisions are hardly possible [Myrdal, 1971]. The...

The purpose of this study is to estimate a health production function for the 13 East European countries including Belarus, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia, Slovenia and Ukraine. Using panel data from 1997 to 2005 on a diverse...