In this study, we investigate empirically the relationship between telephone penetration and economic growth, using data for developing countries. Using 3SLS, we estimate a system of equations that endogenizes economic growth and telecom penetration. We find that the traditional economic factors...

In the early days of nationalization, it seemed axiomatic that price and quality standards could be better managed by State Owned Enterprises (SOE). Subsequent experience, however demonstrates that public ownership and control are different as the challenges of imposing effective public...

The aim of the paper is to examine the economic growth of 32 European countries from 2005 to 2015. This period was characterized by a strong growth prior to 2009, when the Great Recession started, and lasted until 2012-2013 in the majority of examined countries. The growth between 2005 and 2015...

The goal of this research paper is to empirically assess the potential effects of macroeconomic determinants of economic growth and to determine the impact of income inequality on economic growth in the long-run in ten former socialist countries from Central and Eastern Europe (CEE) which are...

Following Fukuyama's (2001) postulation for future research in economic development, this paper examines the cultural hypothesis regarding national economic prosperity. Culture is found to affect economic performance through two channels; cultural traits that stimulate individual motivation, and...

We investigate the evolution of the economy of the four provinces of the Marche region using information derived from international trade flows. Although mainly descriptive, the analysis reveals several aspects on the changes of their economic structure associated to economic growth. We first...

We examine the effect of software piracy on medium term growth using cross-country data over 2000–2007. While the empirical literature has focused on identifying the causes of software piracy, our contribution is to examine its effects. Our findings suggest that software piracy reduces...

This study examines the importance of TFP growth in the long-term past and future economic growth of 12 Asian economies. We analyze the pattern of past growth based on a calculation of TFP growth, investigate the TFP dynamics by estimations of a TFP growth model, decompose the factors affecting...

The paper discusses different attempts to measure economic growth in Europe before the Industrial Revolution. It is argued that the figures published by Angus Maddison probably overestimate growth between 1000 and 1820. Next, a method for simulating long-term patterns of growth is presented, and...

In this paper we reassess the standard Solow growth model, using a dynamic panel data approach. A new methodology is chosen to deal with this problem. First, unit root tests for individual country time series were run. Second, panel data unit root and cointegration tests were performed. Finally,...