abstract in this paper, income per capita convergence hypothesis is tested in selected oic countries. for this purpose, we use the time series model and univariate kpss stationary test with multiple structural breaks (carrion-i-silvestre et al. (2005)) over the period 1950-2008. the results show that most oic countries could not catch up toward usa. although because of some positive term of tra...

Several studies abound that concentrated on oil production and the environment, exploration socio-economic conditions, contributions of crude consumption to growth Nigerian state, etc. But there are no recent investigating production- GDP nexus. Hence, main goal this study is explore contribution national from an oil-dependent economy Annual time series data its rate represented side nexus whil...

The paper focuses on regional trade agreements and economic co-operation and develops a new appropriate approach to study their impact on growth and trade. The approach is based on an endogenous trade-growth theory and novelly specified in an economic integration (expenditure) framework which is the conceptual foundation of regional trade agreements. Importantly, it also appropriately takes int...

The necessity for rapid economic growth has not only been of great concern to global institutions and agencies but continued dominate discussions at major conferences the national international levels. There is an implicit assumption positive correlation between growth, as measured by increase in output, welfare citizens, with effect that governments seek understand real causes output aid formu...

This paper investigates several key challenges faced by oil-rich countries regarding their economic growth and development. First, it discusses how to determine currency overvaluation for these (if any). To the overvaluation, real exchange rate (RER) is calculated Balassa–Samuelson effect estimated via a regression model. Next, study presents an empirical model assessing impact of oil rent on i...

This study aims to find out the connections between financial development, economic growth, and poverty using panel data from 1985 2017 in fourteen African countries that many previous researchers ignore. The deploys a dynamic Granger causality test trace nexus reduction Africa long run. First, upshots suggest gross domestic product, capital formation, price of household consumption, government...

in this paper, the effect of trade openness on growth is examined across the members of organization of the islamic conference (oic) by using convergence-growth equation and gmm-system dynamic panel data estimator over the period 1980-2009. the results show that the overall trade, the trade with non-oic countries, and the investment in physical and human capital stimulate economic growth. in co...