With the current global economic crisis, European preaccesion and structural funds allocated by the European Unioun (which were and are quite consistent for Romania) may represent significant financial support for the acceding countries and those that joined in 2004 and 2007 to provide resources...

Romanian rural areas are a sector that, in the context of transition from socialist economy to market economy, has accumulated numerous dysfunctions, whose resolution requires the identification of viable solutions that are compatible with local potential and at the same time preserve...

This paper critically reviews the impact of globalization on sub-Saharan Africa (SSA) since the early 1980s. The large gains expected from opening up to international economic forces have, to date, been limited, and there have been significant adverse consequences. Foreign direct investment in...

We investigate the resource curse phenomenon using the African Governance Index that ranks African countries according to their governance quality. First, we allow countries to endogenously select in good- and bad-governance groups. Secondly, using an Arellano-Bond dynamic panel-data estimation,...

Our study analyses stochastic convergence of relative real GDP per capita in the West African Economic and Monetary Union (WAEMU) in the period 1960 to 2010. It highlights the importance of considering structural breaks and cross-section dependence in the panel unit root tests. Using the panel...

How do the effects of financial constraints on innovation performance vary by sector and firm characteristics? This paper uses innovation survey data from eleven European countries to examine the heterogeneity of these effects. So far, there has been a lack of cross-country micro-level studies...

Taking off from the self-evident fact that the population variable centrally figures in both labor and product markets, this paper argues that the growth rate of population, its age structure and spatial distribution should be key considerations in a country’s development strategy to promote...

This paper provides evidence on peer effects in standardized tests by exploiting a unique data set on social networks in Uruguayan primary schools. The identification method enables one to disentangle endogenous from contextual effects via instrumental variables that emerge naturally from the...

The large differences in income per capita across countries are mostly accounted for by differences in total factor productivity (TFP). What explains these differences in TFP across countries? Evidence suggests that the (mis)allocation of factors of production across heterogenous production...

A tanulmány kiinduló megállapítása, hogy nem csupán a szolgáltatásgazdaság súlya növekedett meg a fejlett országok makrogazdasági szerkezetében a korábbiaknál is erőteljesebben, hanem - s ez még nagyobb jelentőségű - felgyorsult a szolgáltatási szektor belső...