Telecommunications Infrastructure and Economic Development: A Simultaneous Approach* In this paper we investigate how telecommunications infrastructure affects economic growth. This issue is important and has received considerable attention in the popular press concerning the creation of the "information superhighway" and its potential impacts on the economy. We use evidence from 21 OECD countr...

This paper studies the existence for a set of countries of an inflation threshold above which its effect on economic growth is negative, considering the speed of transition from one inflation regime to the other. Using a panel data set of above 120 countries for the period after the Second World War, we apply a panel smooth transition regression (PSTR) model with fixed effects. The estimated th...

Academia and industry agree on the importance of knowledge worker workers in emerging economy or new industrial country for economic growth. Understanding the changing nature of knowledge workers in an industry-level analysis is helpful to formulate industry policy. This study aims to investigate the changing of knowledge workers in Taiwan 20 manufacturing industries during 1988-2005. Empirical...

notwithstanding a century of prohibition, marijuana is the most widely used illicit substance in canada. due to the growing public acceptance of recreational marijuana use and ineffectiveness of the existing control system in canada, the issue surrounding legalizing this illicit drug has received considerable public and political attentions in recent years. consequently, the newly elected liber...

Through the individual fixed effects model, the article makes the empirical study of 23 developing host countries, concluding that FDI weakly influences on the economic expansion rate directly and indirectly, the interaction term of FDI with regime affects the growth rate significantly and what is more, FDI’s interaction with regime contributes to the economic increase extensively through crowd...

JEL Bibliographic Code O15, O18, O47, O53 We postulate that inferior factor productivity in China’s noncoastal provinces is a principal reason for their lower economic growth despite high investment rates relative to coastal provinces. Using the residual from a fixed-effect Solow growth model for the years 1978-93, we find that TFP is roughly twice as high in the coastal provinces. We estimate ...

In this paper we empirically study the relation between public debt and economic growth. We analyze how the public debt to GDP ratio at a certain point in time is correlated with the GDP growth rate in the following period, where we consider a one-year time span, a three-years time interval and a five-years interval. Using panel data comprising seven developed countries from 1970-2012, we estim...

The relationship between inequality, investment, and government expenditure and their impact on economic growth in a panel of countries is empirically analyzed via a fixed effects, semiparametric model. The analysis demonstrates that the marginal impact of inequality on growth is highly nonlinear, and depends critically on both the levels of investment and government expenditure. In the absence...

In this paper we estimate the proximate determinants of economic growth in four major economies of South Asia with special emphasis on the role of institutions in conjunction with stock of physical capital, human capital and openness (measured as trade as percentage of GDP) as major predictor variables. World Governance indicators are available since 1996; therefore, we run a panel regression u...