This paper uses Johansen multivariate cointegration analysis to examine the relationship between health and GDP for thirteen OECD countries over the last two centuries, for relationship between life expectancy and both total GDP and GDP per capita was found for all of the countries estimated. The relationships have a significant influence on both total GDP and GPD per capita in most of the coun...

Paraguay is a country located in the center of South America, sharing borders with Brazil to the east and northeast, Argentina to the west and southwest, and Bolivia to the northwest. It is divided in two regions, Occidental (western) and Oriental (eastern), separated by the river Paraguay. The regions are in turn subdivided in 17 departments plus the capital district (Fig. 1). The country has ...

This paper investigates the economic impacts of regional integration on a small, less developed jurisdiction in dynamic fiscal competition environment. The trade-offs between benefits and loss policy flexibility resulting from are analyzed perspectives revenue GDP per capita. Our results show that small jurisdiction's policymaking can dominate other effects integration. Specifically, if efficie...

In this paper, we test the Rodrik et al (2004) framework to explain differences in development levels across countries by using a broader set of definitions for institutions, geography and economic variables. We use a multi-faceted database to measure institutions in an attempt to go beyond the single-dimension measures that are often employed. We find that institutions trump other factors (geo...