In this paper, we focus on the research of the impact of religion and political regime on human capital and economic development. There is a lot of incentive literature concerning the impact of political regime and religion on the economic development. However, we use different approach to show...

The public expenditure allocation in Bangladesh has played a substantial role in improvements of physical infrastructure, health, education, community development, etc. during the recent decades. There have been allegations that inequality in the distribution of political power has often led to...

The aim of this article is to evaluate the contribution of the banking sector to the economic growth of 16 Latin American countries, from 1979 to 2006. The econometric procedure is based on a panel data technique with fixed effects, classifying the countries in two samples according to their...

This paper analyze the causal relationship between energy consumption and economic growth,as well as the relationship between energy sources for a panel of four WAEMU countries; Benin, Côte d’Ivoire, Senegal and Togo, for the period 1970-2005. Econometric analysis results indicate that there...

According to Kaldor (1970), regional growth patterns arise from a cumulative causation process as broadly combining two substantial mechanisms i.e. a productivity regime, known as the “Kaldor-Verdoorn” law, and a demand regime due to the expansion of exportations. This paper attempts to...

Since the seminal contribution of Gregory Mankiw, David Romer and David Weil (1992), the growth empirics literature has used increasingly sophisticated methods to select relevant growth determinants in estimating cross-section growth regressions. The vast majority of empirical approaches however...

In this paper, we quantitatively characterize the mechanism of collaborative knowledge creation at the individual researcher level a la Berliant and Fujita(2008) by using Japanese patent data. The key driver for developing new ideas is found to be the exchange of differentiated knowledge among...

This study shows evidence for collaborative knowledge creation among individual researchers through direct exchanges of their mutual differentiated knowledge. Using patent application data from Japan, the collaborative output is evaluated according to the quality and novelty of the developed...

In this paper we ask how technological differences in manufacturing production across countries can best be modeled when using a standard production function approach. We emphasise the importance of allowing for differences in the impact of observables and unobservables across countries, as well...

In this paper, using monetary policy rules, we build a model which describes the fixing of the interest rate by the Bank of Central African's States (BEAC). First, with a GMM adapted for a forward looking rule, we propose a reaction function for this central bank. The result shows that from 1986...