The interest of this paper is to show that the action of public power in the management of public expenditure on health for the majority of MENA countries. Indeed, our empirical attempt tries to clarify the direct and indirect effects of the effectiveness of government economic development...

This paper explores the relationship between financial development and energy consumption by incorporating economic growth, agriculture and modern sectors in Pakistan over the period of 1972-2011. The Autoregressive Distributive Lag (ARDL) bounds testing approach to cointegration, assuming...

The interest of this paper is to show the effect of the action of the public power over the management of public expenditure on education. Our empirical attempt tries to clarify the direct and indirect effects of the efficiency of the government on the development of public spending for the...

Pakistan being a frontline state in the war against terrorism has also remained one of the highest recipients of foreign aid. This paper analyses foreign assistance through four main facets namely: the link between aid, security and growth with special reference to Pakistan, general equilibrium...

Despite receiving the large quantities of foreign aid, like many other Developing Countries, Pakistan has remained stagnant and become more aid dependent. This grim reality provokes vigorous debate on the effectiveness of aid. This study examines the effectiveness of aid, focusing on the ongoing...

Do reduced costs of factor mobility mitigate ‘Dutch Disease’ symptoms? The case of federations provides an indication for this. By investigating ‘Resource Curse’ effects in all federations for which complete data is available at the regional level it is observed that within federations...

In this paper we study long run economic growth as a sequence of accelerations, slowdowns and crises, and estimate the role of institutions and macroeconomic policies in determining this sequence. We analyze the joint effect of policies and institutions on the frequency of the four growth...

Natural resource abundance is a blessing for some countries, yet is a curse for others. The degree of fiscal decentralization may account for this divergent outcome. Resources tend to locate in remote, non-agglomerated, and sparsely populated areas; a high degree of fiscal decentralization gives...

The purpose of this paper is to empirically examine the contribution of trade liberalisation to differences in the level of prosperity across nations. We compare this with the relative contribution of institutional capacity to prosperity, as well as the role of human capital accumulation in that...

There is a large body of research that explores international trade as a source of the dispersion in income levels and growth performances across countries. The trade liberalization policies undertaken between 1950 and 2006 led to an almost 30 fold growth in the volume of international trade....