We examine the effects of greenfield FDI and cross-border mergers and acquisitions (M&As) on total factor productivity (TFP) in developed and developing host countries of FDI. Using panel data for up to 123 countries over the period from 2003 to 2011, we find that greenfield FDI has no...

This study examines the effects of greenfield FDI and cross-border mergers and acquisitions (M&As) on government size in host countries of FDI. Using panel data for up to 135 countries for the period from 2003-2012, the study specifically tests the compensation hypothesis, suggesting that by...

This study provides a systematic review of the few existing studies on the impact of public tertiary education spending on tertiary enrollment. It identifies several shortcomings in this literature and reexamines this impact while addressing the identified shortcomings, which include: (i) using...

One of the central hypotheses of the neoclassical growth literature is the balanced- growth hypothesis, which predicts that output, consumption, and investment grow at the same rate. Empirically, this implies that the consumption-to-output ratio and the investment-to-output ratio must be...

Several studies have tested semi-endogenous versus Schumpeterian growth models using different methodological approaches. This paper critically reviews these studies including their approaches and provides new evidence on this issue, by analyzing both time-series data from the United States and...

This study is the first to examine the impact of both FDI from developed to developing countries (North-South FDI) and FDI from developing to other developing countries (South-South FDI) on energy intensity in developing countries. It is also the first in the FDI-energy intensity literature to...

Several studies have tested semi-endogenous versus Schumpeterian growth models using different methodological approaches. This paper critically reviews these studies including their approaches and provides new evidence on this issue, by analyzing both time-series data from the United States and...

Several studies have examined the long-run effects of public and private R&D on TFP with mixed results. A common feature of these studies is the use of stocks of public and private R&D capital, constructed under the implicit assumption that the prices of GDP, public R&D, and private R&D move...