This paper aims at uncovering the different channels through which de facto financial openness affects economic growth … and its components. The results herein indicate that de facto measures of financial openness (as proxied by different … types of capital inflows) stimulate economic growth. In particular, the results indicate that higher levels of FDI inflows …

existence of generally expected positive relationship between macroeconomic volatility and economic growth, common trends of …Macroeconomic instability is usually associated with increased short-term volatility in key fundamental variables. The … recent literature that empirically examines implications of the macroeconomic volatility provides strong evidence of its …

that FDI inflows are able to contribute to higher growth and employment in poor countries? I argue yes. Behavior of FDI …; therefore, FDI can contribute to higher growth and employment in poor countries but only under certain circumstances, “Roll out … favorable impact on economic growth of low-income countries if interacted with monetary and non monetary variables. …

, misaligned real exchange rate, openness, inflation and output. The study concluded by admonishing the zone to commence with four …