This paper reviews the innovative capabilities and absorptive capacities of African countries, and investigates whether they have played significant roles in the region’s slow and episodic economic growth. Results from cross-country regressions covering 31 Sub-Saharan African countries suggest that growth in Africa is not simply a question of capital accumulation, fertility rates, aid dependenc...

Using data for 162 countries for the period 1962-2006, this paper examines the importance of the national economic growth rate for the ability of a national leader to retain his or her position. To address the potential endogeneity of economic growth, I use commodity prices, export partner incomes, precipitation, and temperature to instrument for a country’s growth rate. The results indicate th...

nowadays, countries realize that without having knowledge and technology, they may not export advantaged goods to the global market. generally, technology and knowledge accumulation play vital role for reaching high economic growth rate and economic development. the statistical reports show that iran has not been successful in the high-tech export area; base on those reports, iran’s high-tech e...

the study investigates the impact of taxation on the nigerian economy for the period 1994 -2012.the dependent variables used in the model includes: gross domestic product (gdp) as a parameter for measuring economic growth, inflation and unemployment. the objective is this study is to determine how taxation affects these macroeconomic variables. to avoid spurious results, the data set collected ...

This paper examines how a country’s organization of its financial activities its financial structure affects how corporations invest and raise funds. We provide an analysis of how financial structure affects economic growth for a given degree of financial and economic development. Differences in the organization of financial activities are shown to affect the creation of new businesses as well ...

Willingness to risk is an important characteristic of entrepreneurship and a crucial factor for economic growth and economic development. An experimental study has been performed that demonstrates that people can use even a single old episodes from their own experience where they acted in a risky manner and benefited from that and chose by analogy to act risky in a new situation. Moreover, it h...

Infrastructure is indispensable to achieve the main development targets in developing countries, such as urbanization, industrialization, export promotion, equitable income distribution, and sustainable economic development. Late developing countries can benefit from previous development experience provided they choose the right model. However, the relationship between infrastructure and econom...

human capital has always been of high importance in economic growth literature. in this regard, several studies have tried to explain the role of this variable via the use of different models. the present study, in line with the previous ones, going to estimate the share of human capital in iranian economy production from 1974 to 2011 within the framework of ozawa (1965) and lucas’s (1988) endo...