The last two decades have seen a significant rise in the internationalization of firms from developing economies. In addition to their growing participation in international trade, a number of leading emerging economies are contributing to growing outflows of foreign direct investment (FDI) and cross-border mergers and acquisitions. According to the 2008 World Investment Report, outward flows o...

Construction industries are often characterised as large or small by reference to the proportion which gross construction output represents of the national economy. While this may be adequate in developed western economies, it is not so helpful in developing economies, or economies in transition, where data on both construction output and the national economy are particularly uncertain. This pa...

This paper contributes to the globalization debate by studying the overall effect on growth of openness and indigenous factors. The data from 1998-2005 covers 122 economies. The result of a nonparametric estimation of a two-way random effects model show that both the openness and indigeneity factors promote growth. Industrialized economies score relatively high in terms of performance in both f...