This paper investigates the influence of international openness on economic growth in a sample of 32 European economies. The usual approach in the literature on the topic is to observe the impact of trade openness on growth. We, however, broaden this standard approach and analyse not only...

type="main" <p>This research extends the literature on regional inequalities in the European Union in two directions. First, it confirms the importance of institutions for regional inequalities among 18 EU member countries, and second, indicates which dimension of the institutional quality is...</p>

The decades preceding the recent financial crisis and global downturn were a period of unusually mild output volatility for many developed and developing market economies. We analyse data from 85 countries and report findings consistent with the hypothesis that foreign direct investment had a...