Military spending has impact on social and economic conditions of any economy. Though, there has been mixed response found for the increasing military expenditure and economic growth in many countries. In this study attempt has been made to examine relationship between military expenditure and...

More than five decades after the Green Revolution transformed agriculture in the Indian state of Punjab, with positive spillovers to the rest of India, the state’s economy has been struggling. Punjab has fallen behind in rankings of per capita state output, and is experiencing environmental...

This paper empirically examines the relationship between economic growth and structural change in India over recent decades. It first estimates panel regressions with state-level data, to examine the impact of structural change on growth and vice versa. Bidirectional causality is found, which...

This study examines the main driving forces affecting short- and long-term CO2 emissions pattern due to changes in growth and income inequality for 11 Mediterranean economies over the period 1990-2012. It proposes an autoregressive dynamic distributive lag dynamic panel specification to (i) test...

In this paper, we perform GMM dynamic panel data estimations to test the relationship between financial development and growth. Our dataset is composed of 112 emerging and developing countries over the period 1975-2007. More specifically, we test the presence of financial development threshold...

This paper provides a survey and synthesis of econometric tools that have been employed to study economic growth. While these tools range across a variety of statistical methods, they are united in the common goals of first, identifying interesting contemporaneous patterns in growth data and...

The number of variables related to long-run economic growth is large compared with the number of countries. Bayesian model averaging is often used to impose parsimony in the cross-country growth regression. The underlying prior is that many of the considered variables need to be excluded from...

The potential interactions among fiscal policies, investments and economicgrowth are complex and manifold.In this paper, we will perform a systematic comparative analysis of the variouseconomic insights that arecurrently available on these complex relationships, both theoretically (by aselective...

Given the quality of the available data on Internet access across several countries, it is necessary to evaluate alternative measures to assess the effect of Internet access on economic outcomes. The research at hand builds up on an earlier paper, which introduced a novel measure of Internet...

This research explores the effects of culture on technological diffusion and economic development. It shows that culture's direct effects on development and barrier effects to technological diffusion are, in general, observationally equivalent. In particular, using a large set of measures of...