The Finance-Growth Nexus is a classical source of debate among economists. This contribution offers regional evidence on this issue in order to see if it can meet the data within a 140 years old economic union -- Italy -, in the ideal context for its main competitor - New Economic Geography -...

The paper investigates sharp reductions seen in current account deficits in selected transition countries in the 1992- 2003 period. The analysis focuses on three important aspects of these current account reversals: a) to examine those factors that might have triggered the reversals and to...

This paper attempts to reconcile the often inconclusive evidence on the impact of FDI on growth by taking into account the heterogeneity both among industries and among countries. Using a comparable database at the industry level for 35 countries of the OECD, Asia and Eastern Europe from 1987 to...

This paper analyses Turkey's performance in attracting foreign direct investment (FDI) and highlights the key obstacles for FDI in Turkey. When compared with its main competitor countries, which includes the group of new EU member states and other candidate countries, it can be concluded that...

In this paper, we examine the existence of agglomeration effect on production in the Japanese food industry from 1985 to 2000 using plant-level 4-digit subclassification, panel dataset and new agglomeration index in Akune and Tokunaga (2005), and Tokunaga, Kageyama, and Akune (2005), based on...

Who benefits from irrigation development in an economy and who should pay for the cost? This question so far has not been well addressed in the irrigation literature. To answer this question we need to know, in addition to the information on farmers' level benefits (increased crop productivity),...

The paper analyses the impact of the technological specializations of the EU-15 countries on their production specializations. A neoclassically inspired empirical model is specified and estimated to explain for the considered countries the value added shares of the manufacturing industries in...

EU Eastern enlargement has brought trade creation, growth and shifts in trading patterns in the context of opening up, structural change, foreign direct investment and rising domestic investment. We focus on outsourcing and changes in relative prices, RCAs, and export unit values in new EU...

This paper attempts to reconcile the often inconclusive evidence on the impact of FDI on growth by taking into account the heterogeneity both among industries and among countries. Using a comparable database at the industry level for 35 countries of the OECD, Asia and Eastern Europe from 1987 to...