This paper examines the relationship between Foreign Direct Investment (FDI) and the real exchange rate for low-income countries of Sub-Saharan Africa, using a panel data approach and Two-Stage Least Squares (2SLS) method. The results show that while the depreciation of the real exchange rate...

This paper examines whether or not the South Asian Association Regional Cooperation (SAARC), can introduce a single currency across the region. A four-variable structural vector autoregressive (SVAR) model is used to identify the underlying shocks and to examine the correlation in shocks for a...

This study examines the causal links between exports and economic growth in COMESA countries so as to assess Export-led Growth and Growth-driven Export hypotheses. The study applies Granger causality tests in heterogeneous panels recently developed by Dumitrescu and Hurlin (2012). The results...

This study revisits the political effect of Foreign Direct Investment (FDI) on the level of democracy in developing countries. The author finds that FDI has dual political effects based on the panel corrected standard error (PCSE) analysis using panel data covering 124 developing countries from...

This article analyses the factors associated with the decline of fertility in Latin America. Based on the microeconomic approach to fertility determinants, we use macro panel data for Latin American and Caribbean countries for the period 1960-2000. We estimate fertility determinants and test for...