The paper examines the relationship between economic freedom and the inflow of foreign direct investment (FDI) in twelve ECOWAS countries selected based on data availability over the period spanning 1995 to 2010. A panel data analysis was employed for the estimation in which preference was shown...

Most studies on examining the links between economic growth and FDI inflows have relied on the conventional GDP measure which has been argued as inadequate to provide clear insights on the macro sustainability of a country. Alternatively, the Genuine Savings (GS) indicator has been proposed as...

This study represents the evaluation of the growth effects of three Latin American trade agreements for the countries involved. The use of a longitudinal data set allows for a new approach to the topic: under speci?c assumptions, the experience of a group of countries unaffected by the policy...

This paper investigates the possibility of export-led growth and growth-driven export by testing for Granger causality between the logarithms of real exports and real GDP in twenty-five OECD countries. Two complementary testing strategies are applied. First, depending on the time series...

According to trade theory trade policy can impact quite differently (positively, negatively, nil) on economic growth depending on the model assumptions such as perfect or imperfect competition due to the existence of economies to scale or externalities. This result is replicated when the impact...

While various theoretical models predict that openness to international trade accelerates productivity and promotes economic growth, the empirical evidence has been mixed or imprecise. This paper investigates the issue using two panel data sets: one of 56 countries covering the period 1951-1998,...

Jordan’s exports and imports represent more than 36% and 81% of Jordan’s GDP respectively. Therefore, not only is Jordan’s economy highly vulnerable to change in the exchange rate, but also individual firm performances are vulnerable as well.  The sensitivity of the firms’ future income...

The institutional reforms towards trade liberalizations in Latin America during the 1980s and the 1990s have introduced a good measure of import competition, but trade policies alone are not sufficient to create a competitive environment in an economy. Most of the region's economies have changed...

Many studies indicate that excessive regulatory burdens can hamper national economic performances. In spite of that, there are relatively few empirical estimates of the potential income gains that may accrue to countries that deregulate their business sectors. This paper partially fills that gap...

This paper delineates the theoretical structure of the factors that determine economic growth in Qatar. The focal point of this paper is identifying the role of major macroeconomic variables that determine growth, namely; government spending, institutional settings, money supply, investment,...