This paper deals with the effects of EMU enlargement (European Economic and Monetary Union) by evaluating the economic efficiency of growth policies of the 25 member countries. By using Data Envelopment Window Analysis the paper measures the policies adopted initiating economic growth of the 25 EU members for the time period of 1995–2005. Different factors reflecting countries’ investment polic...

â â â  â â  abstract â  the importance of community's health followed by the consideration of endogenous growth models has led to an increase in health expenditure of countries to speed up economic growth and development. this has made the efficiency of health production function to an essential issue especially in developing countries. based upon this, the present study with employing the...

The increase of healthcare costs improved as a rule the health of the population. Sometimes the positive effects of this expense are shaded off. On one hand, this expense improves the offer of the medical care. Other influential factors on the health of population, we quote as example the training, the lifestyle, the hygiene and the distribution of income. On the other hand the increase of thes...

This paper, by using conditional directional distance functions as introduced by Simar and Vanhems [J. Econometrics 166 (2012) 342-354] modifies the model by Färe and Grosskopf [Eur. J. Operat. Res. 157 (2004) 242-245], examines the link between regional environmental efficiency and economic growth. The proposed model using conditional directional distance functions incorporates the effect of r...

China is a vast and overpopulated country in the eastern Asia whose energy security and supply is the most important factor of economic growth and consequently, economic, social and political security. By the past decades, its leaders have understood the key role of economic growth and development in the economic and political security of china. Thus, they have put all their concentration on th...

research and developmentexpenditure (r&d;) in new literature plays an important role in economic growth. investment in r&d;, increases level of knowledge and enhanced knowledge, increase production efficiency and from efficiency channel economic growth improves. many studies have been done on the r&d; not used unit of data for this variable. this is due to a lack of labor and the level of inves...

This paper pulls together existing theory and evidence to assess whether international financial liberalization, by improving the functioning of domestic financial markets and banks, accelerates economic growth. The analysis suggests that the answer is “yes.” First, liberalizing restrictions on international portfolio flows tends to enhance stock market liquidity. In turn, enhanced stock market...

Despite plausible theoretical grounds for presuming a positive relationship between foreign direct investment inflows (FDI) and economic growth, existing empirical evidence on this nexus is inconclusive. In an effort to add to the empirical literature, this paper estimates the relationship between FDI and the rate of growth of GDP using a stochastic frontier model and employing panel data cover...