Economic growth is an increase in the productive capacity of an economy. The productive capacity can be increased by an increase in factors of production, such as capital, labor, or the level of technology. Economic growth ...

Corruption is believed to be widespread and it adversely affects countries at different intervals, in different degrees. Corruption scandals show that bribes are commonplace and that even societies that are supposedly free ...

Despite the global liberalization of trade, financial and technological flows, there still are tremendous disparities in terms of income per capita and growth rates across countries (Hall and Jones, 1999). Among the plethora ...

Foreign direct investment (FDI), which may be flow or stock, represents the investment of foreign assets into domestic structures, equipment, and organizations. The parent multinational corporations (MNCs) may use vertical, ...

In this article, we examine the role of financial development as a channel through which migrants’ remittances could affect economic growth in selected countries of the MENA region.

Examination of the growth phases in developed and in developing countries and their involvement in international trade shows the importance of trade policies in these countries. In recent decades, many developing countries ...

Corruption is regarded as a major problem impeding development potentialities, and curbing it is a leading challenge for developing countries. This chapter assesses the possibilities of ICT adoption as a powerful tool for ...

This chapter contributes to the empirical finance literature on modeling co-movement in financial markets by considering the case of the BRIC countries during the subprime crises. To overcome the problem of the time-varying ...

Inflation and its dynamics have been always capturing the attention of economic scholars and policymakers worldwide. Numerous theories in economic literature tried to define the concept of inflation by suggesting different ...

The relationship between natural resource wealth and economic growth has been extensively studied. As opposed to basic intuition, the results of several empirical studies suggest that vast natural capital endowments don’t ...