The use of evolutionary and institutional economics in the analysis of increasing returns, transaction costs, and agglomeration and network effects is important because of their determining impacts on the processes of trade, growth and development. Institutional analysis facilitates definition...

Promising growth rates, increased trade, and competition among major global players for African resources have boosted the development and bargaining power of sub-Saharan Africa (SSA) in relation to the EU. However, Africa's least developed countries remain vulnerable to external shocks....

The new Coronavirus pandemic (COVID-19), which began in late 2019 in China, lead to a health and economic crisis of significant proportions. The decrease in economic activity in order to prevent further spread of the disease affected all economic sectors, resulting in the unprecedented loss of...

We identify negative spillovers exerted by large, successful manufacturing plants on other local production facilities in China. A short-lived alliance between the U.S.S.R. and China led to the construction of 150 "Million-Rouble plants" in the 1950s. Our identification strategy exploits the...

In this study, we investigate the role of development assistance in reducing a hypothetically negative impact of terrorism on economic growth, using a panel of 78 developing nations with data for the period 1984-2008. The empirical evidence is based on interactive Quantile regressions. Domestic,...

In an interconnected world, economic and political interests inevitably reach beyond national borders. Since policy choices generate external economic and political costs, foreign state and non-state actors have an interest in inflencing policy actions in other sovereign countries to their...

The Mexico City Policy (MCP) prohibits the United States Agency for International Development from providing aid to international non-governmental organizations that provide abortion-related services. This paper employs a panel data of 151 developing countries over the period of 1988 - 2010, to...

We investigate how foreign aid dampens the effects of terrorism on FDI using interactive quantile regressions. The empirical evidence is based on 78 developing countries for the period 1984-2008. Bilateral and multilateral aid variables are used, while terrorism dynamics entail: domestic,...

In this study, we tried to see the impact of military expenditure and foreign aid on foreign direct investment in Sub-Saharan Africa using a panel data analysis. Based on the results obtained from the fixed effect estimation model, Net Official Development Assistance (ODA) can increase the...