Error-correction model and stepwise Granger causality technique are used to examine the long-run and short-term causal relationships between taxes and spending to determine the effective way of reducing deficit and debt problems in four Caribbean countries with bicameral legislatures. Granger's...

Most studies show that nations which have fewer restrictions on private agents and transactions tend to have higher levels of economic growth. However, it is less clear which of the disaggregated categories of economic freedom determine growth and whether or not growth granger causes economic...

This research explores the consequences of entering into a regional free trade agreement on a country's level of volatility in real per capita GDP growth. It incorporates 97 countries and 2404 observations. It also employs a system GMM, dynamic panel methodology to control for business cycle...

Empirical evidence supporting the export-led growth (ELG) hypothesis has been mixed and inconclusive. Some studies may have been misspecified since they tested the ELG hypothesis using bivariate models. Others used multivariate cointegration framework but presumed (either explicitly or...

This paper considers the major determinants of the current account in Turkey. It examines the long-run and short-run impact of the exchange rate and private and public savings on the current account balance. The bounds testing autoregressive distributed lag (ARDL) approach to cointegration is...

We analyse the important role of education in economic development and social wellbeing of American countries, including indicators of gender opportunities for development as part of social well-being. In this regard we select some indicators which usually have a great importance for reaching...

We focus on regional convergence based upon a sample of 19 European countries (1991-2008). After covering theoretical issues on -convergence and -convergence, we focused on the income distribution details. Our evidence confirms some results presented elsewhere, such as the convergence process...

This paper focuses the understanding for the poverty phenomenon in Morocco. Indeed, it is strongly based on the assessment and analysis of economic growth on the poorest people by using the calculation of poverty indexes as FGT, the decomposition of changes in the level of poverty, in the income...

Using a panel data set for 18 Asian countries over the period 1970-2007, this study explores the relationship between economic growth and income inequality with special focus on the role of credit market imperfections in shaping the linkage. The study identifies credit market imperfections in...

Combining the classical “push-pull factors” and the “Lucas paradox” theoretical approaches, and taking into account the relationship between components of capital flows -through Three Stage Least Square (3SLS) estimations-, this paper shows that physical infrastructure and financial...