Recent trade theory suggests that the relationship between trade and productivity is fundamentally ambiguous. This study investigates the cointegration and causal relationship between productivity growth and export growth for a number of industrialized countries. On the basis of Johansen's...

The relationship between foreign aid and economic growth is investigated for a panel of developing countries (Botswana, Ethiopia, India, Kenya, Sri-Lanka, and Tanzania) over the period 1974-1996. The results reveal that the variables contain a panel unit root and they cointegrate in a panel...

In order to have an impact on the labor market, welfare states must implement active labor market policies (ALMPs). The effectiveness of ALMPs has only been the subject of a few numbers of studies, the majority of which only take into account the short-term effects of ALMPs and use aggregate...

Despite the fact that previous studies have extensively investigated the foreign direct investment (FDI)-growth nexus, those studies have not considered the role of terms of trade as a proxy for international competitiveness and structural changes. This paper investigates the causal nexus...

Previous studies have investigated the behaviour of trade flows at the aggregate level, thus they suffer from aggregation bias. In this paper, we use the sectoral data on agricultural exports and imports to examine whether they cointegrate. The likelihood-based panel cointegration technique is...

Despite the fact that previous studies have extensively investigated the foreign direct investment (FDI)-growth nexus, those studies have not considered the role of terms of trade as a proxy for international competitiveness and structural changes. This paper investigates the causal nexus...