The present study examines the relationship between openness (trade-GDP ratio) and growth. Our cross-country panel data analysis of a sample 51 countries of the South during 1981-2002 shows that for only 11 rich and highly trade-dependent countries a higher real growth is associated with a...

The role of biota as a natural resource for the restoration of degraded chernozems of the Republic of Moldova is under discussion till nowadays. The status of biota of old-arable chernozems in conditions of the green manure applications has been evaluated statistically. Two experimental sites...

The reasons why inventions that shaped industrial revolutions, occurred in the UK and in the USA, have been suggested by economic historians. For the first time,we access the determinants of more than a hundred inventions around the world, explaining why they occurred in a given country and why...

Using monthly observations of industrial production and stock market indices from January 1961 to May 2012, we analyse the long-run relationship between the stock markets and real economic activity in the G-7 countries. In particular, this analysis uses the Toda and Yamamoto (1995) approach with...

This article presents, first, a graphical analysis of the well-known equality of saving and investment for the cases of Spain and the Eurozone between 2000 and 2011. Then, correlation and Granger causality between government deficit and private deficit in both economies is analyzed. Since public...

The economic crisis that inflicted Greece is international in character and its cause is in the decreasing profitability of capital which from a certain point onwards leads to the stagnation of profits, discourages new investment, reduces production and increases unemployment. If these are...

This paper investigates income and population biases in the distribution of aid and decomposes recipients by geographic region. Previous analyses aggregate recipients and assume biases have an equal impact. Results demonstrate that while a bias towards middle-income and medium-sized countries...

The Global Development Network’s (GDN) project “Evaluating Innovative Health Programs” (EIHP), funded by the Bill & Melinda Gates Foundation, seeks to inform policy on the effectiveness of health solutions that have the potential to improve health outcomes in developing countries. It...

The present study is, in particular, an attempt to test the relationship between tax level and political stability by using some economic control variables and to see the relationship among government effectiveness, corruption, and GDP. For the purpose, we used the Vector Autoregression (VAR)...

Generally, econometric studies on socio-economic inequalities consider regions as independent entities, ignoring the likely possibility of spatial interaction between them. This interaction may cause spatial dependency or clustering, which is referred to as spatial autocorrelation. This paper...