This paper empirically examines the dynamic causal relationships between electricity consumption and economic growth for five different panels (namely high income, upper middle income, lower middle income, low income based on World Bank income classification and global) using time series data...

With recent studies generating skepticism toward aid-effectiveness for economic growth of some aid-dependent economies, the need to re-examine the effectiveness of foreign aid for economic growth has gained increasing importance. This paper examines the role of foreign aid in per-capita economic...

Numerous studies have examined the determinants of FDI. However, due to sample selection and research methodology, there continues to be mixed and inconclusive evidence of both the significance and direction of impact of changes in the determinants on FDI. We apply the GMM technique to dynamic...

The South Korean government has implemented FDI-oriented policies to encourage foreign companies to invest in South Korea. Recently, South Korea has been experiencing the problem of population ageing. The neoclassical theory predicts that population ageing would be associated with a decline in...