Ross Levine and David Renelt’s (LR) paper [1992] investigate the “robustness” of the relationship between growth, investment, and variables of interest using Leamer’s [1985] Extreme Bounds Analysis (EBA). LR claim that few economic variables have a robust relationship with either long-run...

In this paper we examine and assess the differential impact of FDI on growth in eight US regions, as defined by the Bureau of Economic Analysis (BEA). The results show that the manufacturing FDI-growth relationship tends to vary across regions. In particular, while the New England, Mideast,...

This study evaluates structural changes over time in the cross-country relationship between growth and volatility. Using a GMM 2SLS method to control for endogenous variables, and a time-series based rolling window estimation procedure, this study adds to the current literature in two...

Using levels of democratic development as a proxy for economic development, and using a 2SLS GMM dynamic panel estimation methodology, we investigate the degree and direction of dissemination in the volatility of economic growth. Our findings indicate two essential points. First, there are...