We test for the impact of exchange rate volatility on growth in emerging market economies based on the theory of … optimum currency areas. Our findings provide evidence for a positive impact of exchange rate stability on growth. …

find that higher union bargaining power leads to a negative relationship between growth and unemployment. An increase in … between the growth and unemployment rates results. …

effectiveness. For this purpose we examine a commonly used empirical growth model, considering different measures of fiscal …

overall trade is not the most appropriate measure for technology diffusion as a source of productivity growth and propose to …

empirical results by showing that the degree of unionization of parliamentary members has a negative impact on economic growth …

We explore the effect of foreign direct investment (FDI) on economic growth in developing countries, distinguishing … with respect to their influence on growth. While Greenfield FDI substantially enhances growth, M&As have no effect, at best … rate. The resulting loss in price competitiveness may explain the poor growth effect of the M&A variant of FDI. …

generating economic growth in four Latin American countries between 1980 and 2007. The results, based on panel time-series data … productive activities, and therefore to promote economic growth. Furthermore, given the characteristics of the sample of …), as a necessary pre-condition for financial development, and consequently for sustained growth and prosperity in the …

economic growth and unemployment. We provide a theoretical model that explains the technology-bias and predicts its development …-results. Last not least, we discuss the implications of our findings for the existing growth literature and structural change …

transition as a change in general purpose technology (GPT) and investigate how it interferes with economic growth driven by …

We employ a neoclassical growth model to assess the impact of financial liberalization in a developing country on …