I develop a model of firm-dynamics which provides a theoretical characterization as well as a new empirical test for inefficient firm exit. When applied to European firm-level data, my test results suggest that firm exit is less efficient in lower income countries. I show that the model can be...

I develop a model of firm-dynamics which provides a theoretical characterization as well as a new empirical test for inefficient firm exit. When applied to European firm-level data, my test results suggest that firm exit is less efficient in lower income countries. I show that the model can be...

In this study, we investigate the long run and causality relationship between tourism receipts and economic growth in 17 MENA selected countries during 1995-2007. We incorporate exchange rate as an intermittent variable in a bivariate setting between tourism receipts and economic growth. Using...

This study applied panel unit root, panel co-integration and panel causality tests to distinguish the position of short run and long run causality among foreign direct investment (FDI) and trade in a panel of 16 advanced European countries over the period 1976-2008, 528 observations were...

The impact of financial repression on financial depth is one of important issues for monetary authorities. Hence, this study examines the empirical relationship between financial repression and financial depth based on McKinnon-Shaw hypothesis in two set of countries, Including 43 lower middle...