Linking Innovation Systems, International Integration, and Investment Climate to Firm Productivity in Developing Countries

Mahyar Adibi, Keun Lee

This paper analyzes the importance of investment climate (IC), international integration (II), and innovation system (IS) variables on firm productivity. These ...

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DOI: https://doi.org/10.22904/sje.2022.35.4.001

Shadow Economy, Transaction Sector, and Economic Convergence: Evidence from a Global Panel of Countries

Ivan D. Trofimov, Ahmed Sharaan

This study examines GDP per capita convergence by adjusting the official data by the size of the shadow economy and the transaction sector. The findings demonst...

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DOI: https://doi.org/10.22904/sje.2022.35.4.002

The crowding-out effect of public debt on private investment in developing economies and the role of institutional quality

Van Bon Nguyen

Public spending is a crucial instrument of fiscal policy in running the economy. Most governments use public spending actively to overcome the cyclicality of th...

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DOI: https://doi.org/10.22904/sje.2022.35.4.003

Revisiting the exchange rate dynamics at the US zero lower bound

Jihye Ahn

This study revisits the dynamics of dollar/euro exchange rate in response to the US monetary policy shock at the zero lower bound (ZLB) including the COVID-19 p...

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DOI: https://doi.org/10.22904/sje.2022.35.4.004