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Prospects and Limits of Tourism-Led Growth : The International Evidence

Adamou, Adamos; Clerides, Sofronis - 2014

We investigate the relationship between tourism specialization and economic growth. We deviate from previous studies … - which have reported mixed evidence - by allowing the relationship to take a nonlinear form. We nd that tourism … diminishing returns set in and tourism's contribution becomes minimal. The policy lesson is that there is promise for tourism …

Persistent link: https://www.econbiz.de/10014202089

Non-Linearities in Specialization and Growth

De Benedictis, Luca; Gallegati, Marco; Tamberi, Massimo - 2005

This paper investigates the link between overall specialization and growth, analyzing the shape of the relationship between the median of the sectoral distribution of the Balassa Index, our summary measure of overall specialization, and the level of per capita income. The median of the Balassa...

Persistent link: https://www.econbiz.de/10014083134

Does Globalization Affect Growth?

Dreher, Axel - 2014

The paper presents an index of globalization covering its three main dimensions: Economic integration, social integration, and political integration. Using panel data for 123 countries in 1970-2000 the effects of the overall index of globalization as well as sub-indexes constructed to measure...

Persistent link: https://www.econbiz.de/10014103182

Growth regimes of populist governments : a comparative study on Hungary and Poland

Kühnast, Julia - 2022

This paper aims to contribute to the debate of post-Keynesian growth models and Comparative Political Economy (CPE) by investigating the relationship between the changes in demand and growth regimes and the establishment of right-wing populist governments in Poland and Hungary after the Global...

Persistent link: https://www.econbiz.de/10013465932

Five Steps to Grow the Cuban Economy : What the US and Cuba Can Do in Obama's Final Year

Klein, Michael W. - 2016

The Cuban government has a dominant role to play in determining the future landscape of the country's financial markets. This is a multifaceted issue. Finance operates in combination with a constellation of other factors, including sound laws, institutions that respect property rights, and...

Persistent link: https://www.econbiz.de/10012996493

Does OFDI Affect Economic Growth? Evidence from Cross-Country Regression and Time Series Analysis

Ahmad, Fayyaz - 2016

The purpose of this study is to examine the impact of Outward Foreign Direct Investment (OFDI) on economic growth. Two econometric approaches are applied: cross-country regression for the sample of the selected ASEAN countries and a time series approach for China. Both approaches suggest that...

Persistent link: https://www.econbiz.de/10013004632

Global Competitiveness and Economic Growth : A One-Way or Two-Way Relationship?

Kordalska, Aleksandra - 2017

The Global Competitiveness Index is treated as a standard to measure the competitiveness of countries. Leaders look at it to make policy and resource allocation decisions because global competitiveness is expected to be related to economic growth. However, studies which analyze the empirical...

Persistent link: https://www.econbiz.de/10012966735

Macroeconomic Policies, Instability and Growth in the World

Elbadawi, Ibrahim - 2017

High instability and low growth characterize the macroeconomic performance of most developing countries. Inadequate policies are often to blame. This paper documents the empirical regularities that characterize the relationship between macroeconomic-financial policies, instability, and growth...

Persistent link: https://www.econbiz.de/10012947088

Impact of Development and Efficiency of Financial Sector on Economic Growth : Empirical Evidence from Developing Countries

Saqib, Najia - 2018

This paper analyses the impact of development and efficiency of financial sector on economic growth of a group of selected developing countries using a cross-country data averaged over the period 2005-2009. The results show that the impact of financial sector efficiency on economic growth is...

Persistent link: https://www.econbiz.de/10012907623

Does Globalization Cause Inequality in Developed Countries in the Long Run? Empirical Evidence from 25 OECD Economies

Sen, Rahul; Rajaguru, Gulasekaran; Srivastava, Sadhana; … - 2020

The debate that rapid globalization over the past decades is a leading cause of increased income inequality within developed economies has been far from conclusive, including Dorn et al. (2018). We depart from existing studies by extending an earlier empirical framework by Gaston and Rajaguru...

Persistent link: https://www.econbiz.de/10014031610