The purpose of this article is to investigate the case of Bulgaria as a destination for attracting Foreign Direct Investments (FDI). An in depth analysis provides the overall picture as far as the economic level and the development policies that the country followed after 1989, as well as the...

This paper examines the determinants of technological catching-up across 63 countries over the period 1982-2000 using a two staged approach. In the first stage, a measure of the technology gap between countries and the global technology frontier is computed. A positive growth of this measure is...

The main aim of this article is to analyze the effects of industrial and trade policy of the European Union on economic development, with particular reference to the negative effects of excessive trade deficits and industrial decline in some EU countries in the period 2000-2010. We compare 5...

This study seeks to provide evidence on the dynamic interactions among foreign direct investment (FDI), private domestic investment and public domestic investment in Turkey for the period 1970-2009 using a multivariate VAR framework. Our findings indicate that there is no long-run relationship...

Using an unbalanced panel dataset of bilateral trade flows, we study the determinants of bilateral trade of ASEAN 10 countries, Australia, China, India, Japan, New Zealand, and South Korea, from 1989 to 2009. We find that bilateral trade flow is positively related to the overall bilateral...

This paper uses time-series data from nineteen Latin American countries and the U.S. to test for income convergence using two existing definitions of convergence and a new testable definition of ?-convergence. Only Dominican Republic and Paraguay were found to pair-wise converge according to the...

The main objective of our paper is to investigate the validity of the theoretically postulated J type relationship between pollution control expenditures/capita and income/capita. We use the Pollution Abatement Costs and Expenditures dataset to examine the validity of this postulated...

Spatial inequality in global economic development has left Africa with the least progress in improving living standards among developing regions of the world. Moreover, there are strong neighborhood effects within Africa. This paper revisits the explanation of unequal growth across countries in...

This paper examines the effect of foreign direct investment (FDI) on employment generation for a group of Latin American countries in the period 1980-2006. Using a dynamic panel model, which is estimated with the Arellano-Bover/Blundell-Bond system estimator, I find that FDI has a positive and...

The aim of this paper is to re-examine the relationship between foreign aid and the real exchange rate, using recent econometric methods developed for non-stationary dynamic panels, and an estimator that imposes a weaker homogeneity assumption on the slope coefficients. The investigation shows...