This paper examines the interrelationships between energy consumption, foreign direct investment and economic growth using dynamic panel data models in simultaneous-equations for a global panel consisting of 65 countries. The time component of our dataset is 1990–2011 inclusive. To make the...

The objective of this paper is to estimate an econometric model for analyzing the interrelationship between foreign direct investment and domestic capital and economic growth in 13 MENA countries by using a ‘growth model’ framework and simultaneous-equations models estimated by the...

This paper aims to explore the relationship between political stability and economic growth with a focus on the role of exchange rate regime. We carried out ordinary least squares (OLS), Generalized least squares (GLS) and system generalized method of moments (GMM). We are based on a panel of 50...

The microfinance initiative has evolved over the past four decades, as important mechanisms for reducing poverty. There is strong evidence, however, to suggest that increasing their financial viability often hampers their ability to reach the poorest of the poor. This article aims to identify...