Infrastructure provision in backward areas has been proposed by many studies as a cure for widening income gaps in developing countries like China. However, little has been said regarding infrastructure’s role as an unpaid production factor or the issue of optimal resource allocation. This...

This study evaluates the short-run and long-run performance of the monetary model approach of exchange rate determination for the emerging economies like Argentina, Brazil, Taiwan and Turkey. The study is based on whether there is a cointegration relationship between the nominal exchange rate...

The paper investigates the impact of FDI on economic growth for a panel of 39 Sub-Saharan African countries for the period 1980–2005 in an extended Cobb Douglas production function. Taking into account the possible existence of endogeneity in FDI modeling, the study employs both static and...

In recent times, a number of studies have focused on describing and modelling the business cycles of developing countries. However, to date very few of the small economies of the Caribbean have been the subject of this type of empirical application. In this regard, the current paper's...

The aim of this paper is to analyze the importance of human capital on productivity growth for 26 African countries over the period 1976-1996. To estimate productivity change, the Malmquist total factor productivity (TFP) growth index is computed. This index is then decomposed into technical...

This paper deals with the monetary policy transmission channels of six Central European countries: CEECs – Hungary, Poland, Czech Republic, Romania, Slovakia and Slovenia – over recent periods corresponding to stable monetary regimes. We will take into account three channels – the interest...

This paper assesses whether per-capita income, measured as average wages and salaries per job, in U.S. nonmetropolitan counties is converging to the national or U.S. metropolitan average using data over the 1969 to 2004 period. Additional analysis explores whether per-capita income is converging...

In the recent past the US has emerged as one of the top three important trading partners for India (both in terms of Indian exports to and Imports from US). In terms of both its imports and exports, US play a major role. Over the years, the trade between US and India was very much restricted....

This analysis focuses on determining the role of those factors that are exogenous to the environmental Kuznets curve (EKC) model in counteracting the scale effects (effects of the increase in GDP ceteris paribus) on CO2 and sulphur emissions. For this purpose, first, the EKC model is estimated...

Trust problems due to the international financial crisis originated by the "subprime" mortgages, raised the importance of a subject that became common to the economic growth models, since the end of the XX century. This work presents an approach to the concept of "trust" and its implications to...