this paper extends endogenous growth models through augmenting it with government budget and oil revenues as well as the effect of public investment efficiency on long run growth of private and government consumption and import for an oil producing economy. based on the extracted model, the optimal growth rate of government current expenditure (or consumption) has a positive relation with the e...

This paper discusses Kenya’s macroeconomic policies during the 1980s. It specifically analyzes issues of food security as it relates to market performance and policies. This is followed by projections of the effects of various policy changes and market conditions on grain production, consumption, and imports over a five year period. It appears that structural adjustment policies have consequenc...

abstract government size plays a vital role in the economic development process. therefore, in this study, the existence of a non-linear relationship between government size and economic growth was investigated using the two-sector production function developed by ram (1986). the data, covering 44 years (1961-2005), were collected from the iranian economic information center. two classification...

The main purpose of this study is to empirically investigate the impact of political hazards on the entry mode choice of multinational investment. Additionally, this study also investigates the response of a multinational firm to contractual hazards in forming a jointventure. The empirical analysis demonstrates that multinational firms respond to political hazards by cooperating with local part...

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governments around the worlds especially in developing countries face with tremendous challenges.  high or moderate rate of corruption can be named as one of the most important of these challenges.  corruption and its inefficiency can deviate resources allocation to unproductive sectors of economy. trust in social networks or within the society has two antithetic effects in deployment of corrup...