In this study, using bounds approach and annual data for the period 1981-2008, the short and long-run effects of remittances and trade openness on income in Vanuatu are estimated. The results show trade openness and remittances having positive and significant effects, with no significant effects...

Using an OLG-model with endogenous growth and public capital we show, that an international capital tax competition leads to inefficiently low tax rates, and as a consequence to lower welfare levels and growth rates. Each national government has an incentive to reduce the capital income tax...

Technological change causes three consequences: it guarantees economic growth, it requires employees to acquire more skills and human capital, and it increases inequality if employees are not capable adapting to new technologies. The second consequence makes it almost necessary for employees to...

In this paper, I study the effect of remittances on economic growth of the Fiji Islands. I provide empirical evidences based on data for the period 1979-2007 that remittances have a positive and significant impact on growth of Fiji's economy. The investigation also indicates the need to...

The link between remittances and economic growth is a controversial subject. While for some countries with relatively high and perpetual remittances inflow, the impact on growth may be positive, but this is not the case for all the remittance receiving countries. In this study, we use the Bounds...

Using an augmented Solow framework and an ARDL bounds test for cointegration, we explore the short- and long-run effects of remittances, aid and financial deepening on growth in Guyana using annual data for the period 1982-2010. The results show that remittances have a positive and significant...

This paper revisits the tourism-growth nexus in Malaysia using time series quarter frequency data over the period of 1975-2013. We examine the impact of tourism using two separate indicators – tourism receipts per capita and visitor arrival per capita. Using the augmented Solow (1956)...