A number of previous studies (Barro and Sala-i-Martin, Grier) have attempted to gauge the differential impact of regressors such as human capital and investment on the performance of fast and slow growing economies. To date, most such studies impose a single marginal impact on all countries for...

A number of economists have stated, and two recent empirical studies have suggested, that financial globalization should exert a positive effect on macroeconomic outcomes in general and inflation in particular. We re-examine the impact of such openness on inflation by exploiting a recent index...