In this article, we will study the impact of institutions on economic growth in many parts of the world, noting the institutional failures in each region. Indeed, we will use the six indicators calculated by Kaufmann, Kraay and Mastruzzi (2005) for a simple measure of the quality of governance...

The objective of this article is to show the effect of the action of public power on economic growth, control of corruption and foreign direct investment (FDI) in the MENA region. Our study focuses on the various aspects of the influence of two important aspects of institutional quality, namely...

The trade-off between economic growth and environmental sustainability is very tough to a faster growing developing country like India. The Environmental Kuznets Curve (EKC) hypothesis proposes, environmental degradation increases with income growth first, and then it declines with income rise....

The nexus between trade openness and energy demand is hot topic of discussion among academicians and researchers, and numerous studies are available in existing literature while investigating the nexus between trade openness and energy demand. This paper explores the relationship between energy...

Given the decline in growth momentum in the manufacturing sector in many OECD countries, the role of knowledge-based capital has emerged as a key driver for sustained growth. While empirical studies on estimating knowledge spillovers have usually been undertaken at the country level, the...

Berggren and Elinder (BE) in this journal write on the relationship between the degree of tolerance in a nation and its rate of economic growth. They are disturbed to find in their cross sections that faster economic growth statistically goes together with intolerance of homosexuals. In this...

Aghion, Howitt and Mayer Foulkes postulate that one mechanism by which financial development enhances economic growth is by increasing a nation’s ability to obtain frontier technology, which then increases the rate at which productive activity expands. This study empirically tests this...

This paper analyzes the relationship between mean income and the income of the rich. Our methodology closely follows that of Dollar and Kraay (2002), but instead of looking at the bottom of the distribution, we analyze the top. We use panel data from the World Top Incomes database, which...

This paper assesses the heterogeneous effects of immigration on economic growth depending on both the origin and the destination countries. Following the development of a simple growth model augmented by the embodied human capital of immigrants, we estimate the growth equation using a...

A conventional reading of economic history implies that free market reforms rescued the world’s economies from stagnancy during the 1970s and 1980s. I reexamine a well-established econometric literature linking economic freedom to growth, and argue that their positive findings hinge on two...