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We present evidence of the relationship between trade-openness and growth in the sample of former communist countries before and after the transition from a central planned economy (CPE) to a market economy by applying standard OLS and panel estimation techniques. The main finding is that during...
Persistent link: https://www.econbiz.de/10005408258
While common sense would indicate that trade and growth are positively correlated, it is not clear, both from theoretical and empirical perspectives, whether or not trade is a proximate determinant of economic growth. We try to elucidate the ambiguities in the literature, by studying the nexus...
Persistent link: https://www.econbiz.de/10008494334
This paper surveys the existing literature on the relationship between inflation and economic growth in developed and developing countries, highlighting the theoretical and empirical indications. The study finds that the impact of inflation on economic growth varies from country to country and...
Persistent link: https://www.econbiz.de/10011875376
This paper surveys the existing literature on the relationship between inflation and economic growth in developed and developing countries, highlighting the theoretical and empirical indications. The study finds that the impact of inflation on economic growth varies from country to country and...
Persistent link: https://www.econbiz.de/10011922458
Within the European model, the macroeconomic and cohesion policies insure a good substantiation of the sustained economic growth. The achievement of the Single Market had positive effects upon the European economy as a whole, but these benefits have not been equally distributed among states,...
Persistent link: https://www.econbiz.de/10008693673
The present paper analyzes the impacts of total labor productivity and efficiency in Oman State. As a Gulf state it has depended on oil production for its economic life for the past decades. However, it was typically known for traditional industries and trade, helped by her long sea shores and...
Persistent link: https://www.econbiz.de/10014172608
The Mankiw-Romer-Weil (1992) augmented Solow-Swan model is extended to incorporate the financial sector in this study. Distinguishing between financial capital, physical capital and human capital, this study attempts to identify in particular, the effects of financial capital on economic growth....
Persistent link: https://www.econbiz.de/10004964541
Academic research in the U.S. and more recently in the U.K. and Sweden, has highlighted punlic capital as a significant growth determinant. Pul\blic capital, it is argued, has a positive effect on private sector output, productivity and capital formation. However, controversy surrounds the...
Persistent link: https://www.econbiz.de/10005625894
This paper aims to review the causes of internationalmigration and the potential impact of FTAs (Free TradeAgreements) on Latin American Migrations. Thefirst part describes the economic and non-economiccauses for migration. The second one shows the potentialimpact of FTAs in the economy (job...
Persistent link: https://www.econbiz.de/10010828118
This paper investigates the long-run equilibrium relationship between economic growth and trade openness in India during the period 1960-2018 using the asymmetric error-correction model with threshold cointegration. To evaluate the robustness impact of trade openness on economic growth under...
Persistent link: https://www.econbiz.de/10012482965