economic growth, especially in poor countries. Capital is often found to flow "uphill" from poor to rich countries. And, when … it does flow into the less developed economies, it is negatively correlated with growth, calling into question the …

development, the following facts can be replicated: 1) persistent current account surpluses and 2) high TFP growth in China. Under …

direct investment on growth through diffusion of technology and innovation. Using an otherwise standard growth regression and … regressions on productivity growth, we introduce a direct effect of foreign direct investment, which may be proxying for … positive effect on productivity growth and on GDP growth. These results are consistent with an open economy model, in which …

can be replicated: 1) the persistent US current account deficits since the beginning of the 90's; 2) growth of output per …) TFP growth in these countries, also relative to the US. The more productive technology takes more time to implement and is … into higher growth. …

While equity market liberalization has been found to be associated with faster economic growth, such a correlation … empirical evidence of strong growth effects of equity market liberalization. Systematic differences exist in the growth effects … high-income and middle-income countries through productivity improvements, while growth instead increases in low …

The role of regulatory quality as one of the so-called deep determinants of growth has emerged as an important issue in … economic research in the past 20 years. The positive or negative growth effects of a country´s regulatory framework are …. Therefore, the two potential determinants to growth might be interlinked. So far there is very little empirical evidence on the …

This paper investigates the influence of international openness on economic growth in a sample of 32 European economies …. The usual approach in the literature on the topic is to observe the impact of trade openness on growth. We, however … openness. Our research, in general, shows that openness is an important determinant of growth in a set of investigated …

show a significant impact of openness on productivity growth. We find also an effect, significant at the ten per cent level …This paper investigates the impact of openness to trade and higher levels of human capital on the economies of some … MENA countries. To answer the question: whether either human capital or openness can be shown to cause productivity, we use …

The question whether international openness causes higher domestic growth has been subject to intense discussions in … the empirical growth literature. This paper addresses this issue using the fall of the Berlin wall in 1990 as a natural …s and the lower international openness of East Germany are linked. We address the endogeneity of openness by adapting …

Many theoretical models show that trade openness has positive welfare implications. Yet, openness might affect … question whether trade openness affects within-country income differentials. In Italy, the more affluent regions are … migration. Prima facie, there is a positive correlation between openness and per capita income. Studying this relationship …