China and Brazil are two countries with continental dimensions, with differences in availability of natural resources, population sizes, and which have adopted different strategies of economic growth in the past. China has been following consistently a strategy of Export Led Growth (ELG), while...

Economy of Pakistan has shown resilience to sustain growth in recent years even with evident macroeconomic imbalances and structural problems. On the fiscal side, the country has one of the lowest taxes to GDP ratio, mounting fiscal deficit and consistently growing government borrowing. On the...

This paper focuses on the question of income convergence among countries. While the methodology used to determine convergence differs from the common cross-sectional approach, it corroborates Baumol's finding of a convergence club among the world's wealthiest countries. It also shows that there...

This paper examines the relationship between trade and income convergence by focusing on groups of countries comprising major trade partners. The majority of these groups exhibited significant convergence. Furthermore, a comparison of the trade-based groups with different, randomly selected,...

Many countries, both industrialized and developing, appear to have experienced a slowdown in economic growth. We examine a large sample of countries and find that a majority exhibit a significant structural break in their post-war growth rates. In nearly all of these cases the break was followed...

For decades, the prevailing sentiment among economists was that growth rates remain constant over the long run. Kaldor considered this to be one of the six important `stylized facts' that theory should address, and until the emergence of endogenous growth models, this was a fundamental feature...

In this paper, we made a brief review of the theory that analyzes the interaction between crime and economic growth, then we present two indices of insecurity for Mexico using the principal component factor analysis. An index called national public insecurity which refers to federal crimes (drug...

This paper sets to analyze the dynamic feedback between Foreign Direct Investment (FDI) and economic growth—larger FDI promotes higher GDP, while higher GDP can be achieved with higher levels of FDI. We use panels and a sample of 19 Latin American countries to estimate a dynamic FDI and a...

The essence of this study is to verify the macroeconomic implications of cross-border remittances for economic growth prospects of small-open developing economies for the period, 1996-2006. A set of dynamic panel model, specified within the framework of Blundell-Bond Generalized Method of Moment...

This paper studies absolute and conditional convergence (alfa and beta-convergence too,) in Mexico over the period 1970-1995. I use the neoclassical growth model and a cross-section data for empirics. I find evidence of conditional convergence (near at traditional 2% rate) for full period but...