The balance-of-payments (BOP)-constrained growth rate is the maximum gross domestic product (GDP) growth rate above which unsustainable current account deficits emerge, forcing policymakers to implement contractionary measures that ultimately reduce…
This paper examines how a country’s integration into global value chains (GVCs) influences its economic growth. GVCs have transformed international trade by shifting the focus from final goods to fragmented production networks across countries.…
The mounting interest in the environment has triggered scholars’ attention and effort to study the determinants of environmental degradation. Yet, a gap in the literature remains unexplored, environmental impacts of trade market diversification/…
The study investigates the dynamic relationship between education quality and economic growth in developed and developing countries for the period 2000–2020. Considering the Group Mean Fully Modified OLS (GM-FMOLS) model, the results prove the…
Amidst an increasingly complex global economic landscape, the rapid expansion of digital trade has emerged as a vital growth engine for nations worldwide while simultaneously disrupting traditional international trade frameworks. Major developed…
The complex relationship between foreign direct investment (FDI), political stability, and economic growth remains a critical area of study, particularly for developing economies like South Africa. This research investigates how FDI impacts economic…
The rupture promoted by the US tariff policy compromises the multilateral trade order. The North American retraction projects scenarios of multipolarity and opens space for greater protagonism of China and powers medium. Thus, a new configuration of…
This study investigates the relationship between ESG performance and economic growth in BRICS nations from 2000 to 2020, aiming to understand how ESG practices influence development trajectories. By integrating economic theories with relevant…
The paper aims to verify the ambivalent causal relationship between economic growth and carbon dioxide emissions.
The data used were obtained from the World Development Indicators database for the period of 2000-2023. The
simultaneous equation model…