Using cross-country panel data, we found evidence that the Internet plays a positive and significant role in economic growth after investment ratio, government consumption ratio, and inflation were used as control variables in the growth equation.

Using GMM estimation with the US data from January 1967 to April 2003, the precautionary saving hypothesis is tested using time-varying consumption uncertainty and a nonexpected-utility model of intertemporal optimal consumption. Overidentifying restrictions of the model specification are also...

The causal relationship between financial development and economic growth is examined, utilizing the superexogeneity methodology. We use annual data for Korea during 1971-2002, during which Korea has experienced both phenomenal economic growth and a variety of financial liberalization and...

The role of foreign direct investment (FDI) in the convergence of income level and growth has been investigated by panel data regressions. Bilateral FDI data from OECD from 1982 to 1997 is used. Income level and growth gaps between source and host countries turn out to decrease as bilateral FDI...

We extend Portes et al. (2001) by introducing the Internet as a variable, and we test the model empirically by using cross-country panel data on portfolio flows between the United States and other countries from 1990 to 2008. Asymmetric information accounts for the strong negative relationship...

Using pooled Gini coefficient 1993 to 2002 data for 119 countries from World Development Indicators 2004, World Bank, we find that income inequality, defined as the Gini coefficient, increases as FDI stocks as a percentage of GDP increase. Increases in per capita GDP and real per capita GDP...

Through panel-data regressions, we found that both per capita income level and growth turn out to converge when the trade intensity ratio increases between the countries. Geographical proximity and language similarities also turn out to be associated with convergence in both income level and growth.

A doubling of Internet usage in a country turned out to lead to a 2 to 4% increase in services trade. An increase in a country's Internet access will facilitate an increase in its service trade with other countries.