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...

In this paper we study the effect of economic freedom on output per worker using a panel least square estimation methodology for a sample of 14 Asia-Pacific (APAC) and 18 OECD countries over the 1980-2014 period. This methodology allows us not only to study the relationship between the economic...

There are many studies addressing the role of the economic policy versus the role of institutions in growth. However, few of these studies have addressed the role of the second moments of the policy instead of the policy itself in affecting growth. In this study, the role of inflation volatility...

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

Economic freedom is an important determinant of economic growth and income distribution, which are key factors in facilitating economic development. The paper empirically investigates the relationship between economic freedom and economic performance in the APAC and OECD countries. A panel model...

The recent political uprising in the Middle East and North African (MENA) economies shines the light on evaluating the so-called structural reforms that are aimed at achieving economic freedom. This paper examines the impact of liberal policies on the economic performance of labor and capital...

The main goal of this paper is to evaluate the impact of governance on economic growth using a group of 188 countries. Although our main focus is on the 21 Middle Eastern and North African (MENA) countries, our findings can be applied to the other countries as well. There are two main...