This dissertation seeks to analyze, both theoretically and empirically, the impact of quality of governance on growth by looking at various dimensions of the concept of governance. We use a dynamic panel estimator and various indicators of governance to estimate the impact of governance on growth. Our empirical results suggest a positive and statistically significant impact of governance on growth. The second part of the analysis looks at a possible transmission mechanism of the effect of governance on growth through the composition of expenditures. As such, we estimate a seemingly unrelated regressions (SUR) model with shares of three functional categories of public expenditures – education, health, and defense – in total spending as the dependent variables. We find that high quality governance leads to a higher share of education and health expenditures and a lower share of defense expenditures in total expenditures. Further, we examine the impact of governance of public capital spending. Our empirical results from this analysis suggest that high quality governance is associated with a smaller share of capital expenditures in total expenditures

The purpose of this research was to empirically examine the impacts that the presence of a state trading enterprise (STE) has in the international wheat market. There are numerous types of STEs that function in different ways to achieve many different types of policy objectives which are often unique to a particular STE. Although the existence of a STE is justified by the countries involved using numerous policy rationales, the fear that they are used as a front for trade protectionism is a prevalent concern. One specific aspect of a STE that often brings this concern to the forefront is whether or not the STE has the exclusive privilege of monopoly status.<p>The empirical objective of this thesis was to determine specifically if the use of a STE exporter has had a positive impact on world wheat trade over the 1970 2005 period and if the use of a STE importer has had a negative impact. In addition, the marginal impact of the STE having monopoly status was tested. In all cases, the designation of STEs and their monopoly status is based on WTO notification documentations. To secure econometrically robust results, a modified conventional gravity model was chosen. This model was estimated using pooled OLS and fixed effects, the latter consisting of both time and country pair fixed effects. The data that was constructed was a large panel data set of bilateral wheat trade spanning from 1970 to 2005. The model was also tested on a number of subsamples representing countries at different stages of development and in different income categories to isolate potential differences in STEs objectives and impacts.<p>In virtually all models, the presence of a STE exporter had a strongly significant and positive effect on the value and volume of wheat exports from the country with the STE exporter. The fact that a STE had monopoly status did not have any additional impact on wheat trade. The impact of STE importers was insignificant.

This thesis uses a panel of Swedish counties over the years 1976-2007 to investigate the relationship between suicide and a range of socio-economic determinants. Moreover, the thesis is combining sociology and economics in order to understand the part of suicide that can be considered as rational. In addition, suicide is studied separately for total, male and female suicide rates. Contrary to prior research in the field of suicide, this study formally tests for gender differences. Applying a fixed effect model, we managed to uncover a statistically significant gender difference for female labor force participation relation to suicide. When applying fixed effect models most of our results were in accordance with the socio-economic theory of suicide. We found a significant u-shaped relationship between suicide and the level of alcohol sales (consumption). We also found a statistically significant positive relationship between the total suicide rate and female labor force participation. Moreover, we found that higher population density significantly leads to fewer suicides in the total and male model. Furthermore, we found that unemployment increases the male suicide rate. In some cases, however our results contradicted the theory. Our results give evidence that divorce has a negative and significant effect on total and male suicide rate. These findings are not only violating the theoretical framework but previous research as well. We can thus conclude that the socio-economic theory of suicide, in most cases, assistances us to understand suicide.

The purpose of this research was to empirically examine the impacts that the presence of a state trading enterprise (STE) has in the international wheat market. There are numerous types of STEs that function in different ways to achieve many different types of policy objectives which are often unique to a particular STE. Although the existence of a STE is justified by the countries involved using numerous policy rationales, the fear that they are used as a front for trade protectionism is a prevalent concern. One specific aspect of a STE that often brings this concern to the forefront is whether or not the STE has the exclusive privilege of monopoly status.<p>The empirical objective of this thesis was to determine specifically if the use of a STE exporter has had a positive impact on world wheat trade over the 1970 2005 period and if the use of a STE importer has had a negative impact. In addition, the marginal impact of the STE having monopoly status was tested. In all cases, the designation of STEs and their monopoly status is based on WTO notification documentations. To secure econometrically robust results, a modified conventional gravity model was chosen. This model was estimated using pooled OLS and fixed effects, the latter consisting of both time and country pair fixed effects. The data that was constructed was a large panel data set of bilateral wheat trade spanning from 1970 to 2005. The model was also tested on a number of subsamples representing countries at different stages of development and in different income categories to isolate potential differences in STEs objectives and impacts.<p>In virtually all models, the presence of a STE exporter had a strongly significant and positive effect on the value and volume of wheat exports from the country with the STE exporter. The fact that a STE had monopoly status did not have any additional impact on wheat trade. The impact of STE importers was insignificant.

GDP and GDP per capita are widely used to gauge for living standards across countries. However, they have originally not been constructed for this purpose and are therefore subject to significant limitations. This paper aims at developing a better and non-monetary development index with which cross-country living standards can be assessed. This index, the BDI, can then be utilized for policy making. When constructing the BDI, this study utilizes time series analysis and panel unit root tests. A major finding of this study is that the BDI does indeed produce statistically significantly different results/ rankings for a special set of countries, compared to GDP and GDP per capita.

There has been much research regarding Trade Immigrant link for different countries, states and provinces which reveal that Immigration impacts bilateral Trade positively. In this study the Trade –Immigrant for Sweden for a period of 2000-2011 for 184 trading partners has been tested which shows that trade and Immigration have positive relationship. Using random effect model, with every 10% increase in Immigrants, there is 4.0% increase in imports and 4.4% increase in exports of Sweden from particular trading partner. In second hypothesis of the study Trade-Emigrant link for Sweden and its 185 trading partners has been checked in cross country sample for year 2010.To the best of my knowledge, this study is first to test the Trade-Emigrant link for Sweden. The results show that there is positive link between trade and Emigration from Sweden. An extended Gravity Model has been used in this study. Using ordinary least square method, with every 10% increase in Emigrants, there is 7.2% increase in imports and 4.3% increase in exports of Sweden for that particular trading partner.

This thesis examines the bilateral trade between Vietnam and twenty three European countries based on a gravity model and panel data for years 1993 to 2004. Estimates indicate that economic size, market size and real exchange rate of Vietnam and twenty three European countries play major role in bilateral trade between Vietnam and these countries. Distance and history, however, do not seem to drive the bilateral trade. The results of gravity model are also applied to calculate the trade potential between Vietnam and twenty three European countries. It shows that Vietnam’s trade with twenty three European countries has considerable room for growth.

Gross domestic product (GDP) is generally considered as the most important index and comprehensive measure of the size of economy. This paper investigates empirically the relationship between transport infrastructure (focus on highways) and GDP growth based on a production function approach. The physical stocks of transport infrastructure were used instead of monetary data to measure public capital together with several other variables (labor and private capital) that were hypothesized to affect economic growth. Then we explore a number of subsequent studies that use panel data covering the period between 1992 and 2004. An investigation was done to compare developed countries and developing countries. Results indicate that physical units are positively and significantly related to economic growth. Furthermore there was an interesting finding that the output elasticity with respect to physical units for developed countries is higher than developing countries.

This paper investigates the impact of inward FDI (Foreign Direct Investment) on international trade of China empirically on the country level by using panel data from 1984 to 2007. Two separate transformed models which are based on the gravity equation and refer to the econometric models of some previous studies, are used in this paper to estimate the effect of FDI inflows on exports and imports respectively. The estimation results confirmed the complementary relationship between FDI inflows and trade of China both on exports and imports, which has also been supported by previous empirical studies.

¡@¡@By utilizing longitudinal data over 10 years, this research tries to examine the relationships between distinctive political linkages by family members and the diversification implications in family business group in Taiwan. The past researches have highlighted that the political linkages established by family members have significant influence on the family business group¡¦s diversification. However, there is little researches examine who¡¦s political linkage is critical in determining the diversification decision in family business group. From social capital viewpoint, this research tries to investigate the diversification implications of political linkages established by three family roles, i.e., the founder, the sons, and the marriage roles, in family business groups. The results reveal that the founder¡¦s informal political linkages have significantly positive influence on the diversification. Furthermore, the political linkages established by marriage roles do not reveal significant influence on the group¡¦s diversification. However, the son¡¦s political linkages have distinctive influences on the diversification decision. In that, the son¡¦s formal political linkages have significantly negative influence on diversification, but the son¡¦s informal political linkages have significantly positive influence on diversification. The results indicate that the differential roles in family business groups have distinctive influence on the strategy decisions. The results provide insightful theoretical and practical implications in diversification issue and political linkages issues in largely family business groups.