The study analyzes the effect of inflation volatility on growth in the presence of different degrees of institutional development. A nonlinear growth regression specification using a system Generalized Method of Moments (GMM) procedure on a sample of 37 countries over the period 1989–2006 is...

The study examines the impact of foreign direct investment on economic growth in selected countries. The inflows of FDI to host countries raise the question of how these inflows affect their economies and the interaction between FDI and growth. This study tests the effect of FDI on the economic...

Using a Two-stage Least Square (TSLS) regression for cross-sectional observations of 197 countries for the year 2009, the study estimates the impact of: i) an improvement in the quality of governance on per capita income, and ii) an increase in per capita income on the quality of governance. In...

Policymakers and pundits have not shied away from using economic jargon while covering the United States' recent financial crisis. Language typically reserved for banking, finance, and economic policy experts has become commonplace. While the economic crisis has been widely covered, there is...

This study revisits sovereign credit ratings, contagion and capital flows to Emerging Markets (EMs), and clarify the relationship between them. Specifically, this study analyzes how the changes in sovereign rating influence different types of capital flows to EMs and whether the changes in the...

This paper explores the relationship between the informal sector and financial inclusion for a sample of 186 countries across the period 2004-2018 and using various methods of estimations—ordinary least squares, instrumental variables, fixed effects, and general method of moments. The results...