This study aims to analyze the impacts of indirect determinants such as institutions, trade-financial openness and macroeconomic stability on economic growth in 48 middle income countries. With this purpose, the impacts of the ten indicators in total belonging to the aforesaid variables for the...

This paper analyzes the intertemporal variation of trust on economic growth. Constructing a unique global country panel dataset and applying a system-generalized method of moments (SYSGMM) estimation approach to a sample of 75 market economies over a 40-year time span (1980-2019), this paper...

This study shows that the cross-section “curse” result found with oil abundance indicators for producing countries disappears in a panel estimation considering the most important growth factors. This happens even excluding institutional quality, which is hindered by oil and ores abundance in...

Given a panel of oil producing countries, we show that a higher oil concentration is associated with an increase in economic growth through capital efficiency in: (i) countries with medium and low income per head from East Asia & Pacific and Latin America & the Caribbean, classified as followers...

The concept of sustainable development requires countries all over the world to use their natural resources rationally while pursuing their economic development, and at the same time to consider the quality of environment as a determinant of their societies’ welfare. First, the method of...

The aim of this study is to investigate the long and the short-run relationships between disaggregate energy consumption (i.e. alternative and nuclear, fossil and renewable) and total factor productivity growth in the Turkish economy for the period 1970-2011. To this end, ARDL bounds testing...

We assess the effect of the COVID-19 pandemic on global fossil fuel consumption and CO2 emissions over the two-year horizon 2020Q1-2021Q4. We apply a global vector autoregressive (GVAR) model, which captures complex spatial-temporal interdependencies across countries associated with the...