and/or monetary stimuli to foster economic growth and thus, maximize the probability of re-election. Using a panel dataset … have an effect on growth. We find evidence to support the most recent studies showing that aid has a positive impact on … growth. We however, do not find evidence to support the proposition that institutional quality is a sine qua non conditional …

physical capital to study the interaction of international capital flows and growth. Analytically, we study conditions under … long-term growth via the accumulation of human capital. Our mechanism shows how a small initial difference in the level of …

potential candidate countries. The analysis reveals that total factor productivity growth has been the main driver of … convergence, followed by capital deepening, whereas labour has contributed only marginally to economic growth. There is evidence … negative link between the initial level of GDP and subsequent growth. Labour productivity has improved in most countries, while …

This paper investigates the impact of financial development on economic growth in Pakistan using the Markov Switching … finance spurs growth. The result reveals that financial development augments economic growth in both high and low economic … growth regimes in Pakistan. However, the impact of financial development on economic growth is found to be relatively higher …

economic growth of eleven Central and Eastern European (CEE or EU11) countries, including their real convergence to the … selected macroeconomic variables related to the EU enlargement on economic growth of the CEE countries is examined with the use … direct investment) turned out to be important drivers of GDP growth. …

demonstrate how oil wealth may go hand in hand with structural change in the future. -- Transformation ; growth ; structural …

dynamic relationship between economic growth, the size of the informal economy, and trade openness in Ghana. Our results … provide evidence of a positive and bidirectional causality between the size of the informal economy and economic growth … growth …