Purpose – The paper seeks to examine the inter‐temporal causal relationship between financial development and poverty reduction in Kenya during the period 1968‐2006. The study attempts to answer one critical question: is financial development in Kenya a spur to poverty reduction?...

Purpose – This paper seeks to assess Brazil's growth performance from a long‐term perspective. Brazil's growth performance over the past 25 years has been lackluster, and various hypotheses have been advanced to explain Brazil's disappointing growth record. Design/methodology/approach – In...

Purpose – The purpose of this paper is to examine the impact of outward foreign direct investment (FDI) on economic growth. Design/methodology/approach – Two econometric approaches are used: cross‐country regressions for a sample of 50 countries and time‐series estimators for the USA....

Purpose – The purpose of this paper is to investigate the relevance of three economic growth theories in Sub‐Saharan Africa economies. Design/methodology/approach – This empirical paper employs a panel data framework, using fixed effect, random effects and maximum likelihood estimation...

Purpose – Penn World Tables (PWT) data on output measured at international prices are the data most frequently used in cross‐country growth regressions. These data are subject to revision, and the amendments can be substantial for a minority of countries, although negligible for most. The...

Purpose – This paper aims to use the newly developed panel data cointegration analysis and the dynamic time series modeling approach to examine the linkages between financial structure (market‐based vs bank‐based) and economic growth in African economies. Design/methodology/approach –...

Purpose – This study aims to examine dynamic interactions among economic growth, geography and the housing market with public goods financed by the government. A general dynamic equilibrium model of an isolated economy with economic geography, local public goods and capital accumulation is to...

Purpose – The purpose of this paper is to examine the impact of the size of government and public debt on real economic growth, for a panel of 175 countries around the world. Design/methodology/approach – The paper utilizes the fixed‐effects and random‐effects techniques to estimate the...

Purpose – The purpose of this paper is to investigate empirically the relationship between property‐liability insurance premiums and economic and financial development in the case of Portugal, assuming a supply‐leading causality pattern of development. In other words, the expansion of the...

Purpose – The purpose of this paper is to explain the following stylized facts. First, the share of household production in total output has fallen over time as the economy has grown. Second, services as a percent of GDP have risen at the same time. Design/methodology/approach – This paper...