...Sujata Saha Purpose This paper examines the effects of financial inclusion and openness on economic growth using panel data from 27 Asian countries. Design/methodology/approach It uses the panel autoregressive distributed lag (ARDL) methodology, specifically the pooled mean group (PMG...

...Yongqing Wang Purpose Since the 1990s, the pace of population aging has accelerated significantly, sparking concerns about its potential negative effects on economic growth. This study aims to shed some light on the impact of aging on economic growth. Design/methodology/approach To mitigate...

...Syed Ali Abbas; Shabib Haider Syed; Qamar Saleem Purpose This study examines the impact of urbanization on growth and the role of international financial flows in the urbanization-growth nexus. Design/methodology/approach The study applies the panel least square estimation to examine...

...SeyedSoroosh Azizi; Abed Aftabi; Mohsen Azizkhani; Kiana Yektansani Purpose This study investigates the impact of international remittances on the economic growth of remittance-receiving countries, using data from 113 developing countries between 1990 and 2015. Design/methodology/approach...

...Dante A. Urbina; Gabriel Rodríguez Purpose The purpose of this paper is to analyze the effects of corruption on economic growth, human development and natural resources in Latin American and Nordic countries. Design/methodology/approach Using the hierarchical prior of Gelman et al...

... variables are greater than the effect caused by an increase of one standard deviation in the real interest rate. Practical implications The findings reveal that a stable economic environment with economic growth is as important to business confidence as the adoption of policies aimed at increasing...

...Kowsar Yousefi; Seyed Ali Madnanizdeh; Fateme Zahra Sobhani Purpose Does the long-term growth rate of a firm increase by exporting? If yes, how large is that increase in a developing economy? The paper aims to discuss this issue. Design/methodology/approach The authors incorporate data from...

... island regions in the Mediterranean basin. Design/methodology/approach Static and dynamic panel data techniques are used for a sample of 13 island economies over a period of 16 years. Findings Results show that the growth factors for regional islands are similar to the ones usually considered...

...Lino Pascal Briguglio; Melchior Vella; Stefano Moncada Purpose The purpose of this paper is to examine whether good governance across countries, utilising the Rule of Law indicator of the Worldwide Governance Indicators, is associated with economic growth, measured in terms of real GDP...

... the effect of endogenous variables? Moreover, the central bank intervenes to reduce excess volatility driven by changing global risks. Therefore, it is worth asking if, despite India’s managed float, an FD shock appreciated the real exchange rate. The large oil shocks, variations in the CAD and growth...

... implications – This is the first paper to study impact of foreign workers on manufacturing sector at a disaggregated panel data. There are important policy implications for managing foreign workers and achieving sustainable growth for the Singapore economy. Social implications – The welfare and social...

...Girijasankar Mallik; Anis Chowdhury Purpose The purpose of this paper is to determine the relationship between inflation, inflation uncertainty, growth and growth uncertainty for Australia. Design/methodology/approach Multivariate EGARCH models has been used to estimate the relationship...

...Paul Atherton; Simon Appleton; Michael Bleaney Purpose Penn World Tables (PWT) data on output measured at international prices are the data most frequently used in cross‐country growth regressions. These data are subject to revision, and the amendments can be substantial for a minority...

... different schools and brings out a clearer picture of Young. Young's analysis of endogenous growth retains its relevance for the contemporary problems facing developing countries today. Also, seen from the Youngian perspective scarcity becomes an opportunity. This has the potential to transform...

... from money to nominal income. However, there is no evidence of a causal flow from nominal income to various definitions of money. These results confirm the Bundesbank’s claim that monetary growth runs ahead of fluctuations in nominal income in Germany. That is, the Bundesbank is able to target nominal...

...Renuka Mahadevan Although an East Asian miracle, Singapore has been singled out for experiencing insignificant total factor productivity (TFP) growth, thereby reflecting limited potential for long‐term growth. Examines the validity of this statement for the services sector, which is an important...

... of a different order. When we control for fluctuations of overall economic activity and monetary policy on the bivariate relationship between price level and productivity, the evidence suggests that Granger‐causation must exist in at least one direction. VECM estimation showed that productivity growth...

...Rosa Capolupo This paper reviews one of the crucial issues in the recent growth literature concerning the hypothesis of cross country convergence of levels and growth rates of income per capita implied by the neo‐classical growth model, both in the Solow‐Swan and Rampsey‐Cass‐Koopmans versions...

...Abdul M.M. Masih; Rumi Masih; Mohammad S. Hasan Proposes to re‐examine empirically the causal relationship between defence spending and economic growth in mainland China. First, using a VAR modelling technique with suitable diagnostics, e.g. Akaike’s FPE statistics and a likelihood ratio test...

...Catherine Kavanagh Academic research in the USA and more recently in the UK and Sweden, has highlighted public capital as a significant growth determinant. Public capital, it is argued, has a positive effect on private sector output, productivity and capital formation. However, controversy...