One-way effect or multiple-way causality: foreign direct investment, institutional quality and shadow economy?International Economics and Economic Policy - Tập 17 - Trang 219-239 - 2019
Cong Minh Huynh, Vu Hong Thai Nguyen, Hoang Bao Nguyen, Phuc Canh Nguyen
This paper empirically investigates the three-way linkages amongst foreign direct investment (FDI), shadow economy and institutional quality by applying the panel dynamic simultaneous-equation modelling approach for a sample of 19 developing Asian countries over the period of 2002–2015. The empirical results by two-step System GMM show that institutional quality attracts inward FDI and FDI in its ...... hiện toàn bộ
Expectation shocks and fiscal rulesInternational Economics and Economic Policy - Tập 16 - Trang 357-377 - 2017
Dennis Wesselbaum
This paper discuss expectation (or news) shocks to government expenditures: consumption or investment spending in an otherwise standard RBC model of the U.S. economy. In addition, we study the differences emerging from modelling fiscal policy with and without fiscal rules. We find that news about future fiscal policy generate dramatically different effects, if fiscal policy follows a rule. Our fin...... hiện toàn bộ
The European Union’s immigration policy: a stalled form of the strategy of conflict?International Economics and Economic Policy - Tập 12 - Trang 239-256 - 2014
Maurizio Mistri, Gabriele Orcalli
More than 10 years after the Amsterdam Treaty, which transferred competences on immigration and asylum matters to common jurisdiction, the EU Commission is asking for a “genuine” European immigration policy. In our view, such a genuine policy must consider the common control of immigration flows, unequivocally rejected by both the Amsterdam and Lisbon Treaty for reasons that are rooted in the poli...... hiện toàn bộ
Convergence crisis: economic crisis and convergence in the European UnionInternational Economics and Economic Policy - Tập 9 - Trang 297-322 - 2012
Péter Halmai, Viktória Vásáry
The success of the integration process of the new EU Member States is reflected by the convergence performance. Sustainable convergence assumes that potential growth rates of the less developed countries continuously exceed the dynamics of the potential output of the developed countries. However, the financial and economic crisis of 2008 has resulted in a fundamentally new situation as regards the...... hiện toàn bộ
Do trade openness and governance matter for economic growth in Africa? A case of EAC and WAEMU countriesInternational Economics and Economic Policy - Tập 20 - Trang 389-412 - 2023
Ashiru Ibrahim, Michael Rabiu Abdulmalik
The relationship between trade and growth as well as governance and growth especially in developing countries has been well researched but is yet concluded. In this light, this study examined the roles of trade openness and governance on economic growth in the East African Community (EAC) and West African Economic and Monetary Union (WAEMU) member countries. Using the fixed effect panel estimation...... hiện toàn bộ
COVID-19 acceleration in digitalisation, aggregate productivity growth and the functional income distributionInternational Economics and Economic Policy - Tập 18 - Trang 571-604 - 2021
Björn Döhring, Atanas Hristov, Christoph Maier, Werner Roeger, Anna Thum-Thysen
This paper characterises the conventional and the digital sector of the EU economy since the late 90s and introduces a two sector growth model which highlights structural differences between the two sectors. In contrast to conventional goods and services, digital goods and services are more easily scalable but require more upfront intangible investment. These features require consideration of fixe...... hiện toàn bộ