Economists have a long argue that institutions and implementation of good governance are important for economic growth. The main objective of this research is to demonstrate that one of positive institutions effects is its ability to mitigate the negative effect of economic vulnerability linked to terms of trade fluctuations on economic growth. The impact of the economic vulnerability and imple...

We examine the relationship between government size and economic growth, controlling for economic freedom and globalization, and using Bayesian Averaging over Classical Estimates in a panel of rich countries. Countries with big government have experienced above average increases in the KOF globalization index and in the Fraser institute’s Economic freedom index. To maintain comparability with e...

In this study, based on the Environmental Kuznets Curve (EKC) framework, we empirically examine the effects of trade openness and the level of economic development on pollution emission across the Chinese provinces. Our regression analysis shows that increasing trade openness contributes to higher pollution emission, where the effect of the former may be realized through its impacts on total fa...

The study investigates the role of agriculture in the process of urbanization. According to Matsuyama (1992), the relationship between agricultural productivity and urbanization depends on the economic openness. In closed economies the relation is positive while for open economies it is negative. This paper empirically tests the role of agricultural productivity on a country’s level of urbaniza...

This paper examines the dynamic causal relationship between carbon dioxide emissions, energy consumption, economic growth, foreign trade and urbanization using time series data for the period of 1960-2009. Short-run unidirectional causalities are found from energy consumption and trade openness to carbon dioxide emissions, from trade openness to energy consumption, from carbon dioxide emissions...