A positive economic growth is one crucial macroeconomic objective of every nation. Many countries have formed regional as well as international trading blocs in an attempt to enhance economic growth and maximise welfare of each member state, the AFTZ member states are not an exception. This...

Adam Smith (1776) devoted the first three chapters to the division of labor in his Inquiry into the Nature and Causes of the Wealth of Nations. This process, carried far enough, eventually results in a divergence between the distributions of supplies and demands of such...

Penang has always been a focal point, absorbing knowledge (and popular culture) from civilizations to the East and West. In modern Penang the pattern of cultural contacts has changed over time. Research institutes and universities in Penang cooperate with foreign partners to produce research...

The traditional education system in Qing China has been widely debated over the past decades. Some have argued it was efficient and furthered economic growth, while others have stressed its inefficient nature, which led to the introduction of the modern education system in the closing decades of...

Economic globalization is one of the hottest topics among academics, government agencies and other concerned organizations. This paper investigates whether the overall benefits of economic globalization are greater than their costs, and discusses the interaction among economic globalization,...

This paper examines India’s federal system in the context of prospects for India’s future economic growth and development. After a brief review of India’s recent policy reforms and economic development outcomes, and of the country’s federal institutions, the analysis focuses on the major...

Does culture, and in particular religion, exert an independent causal effect on long-term economic growth, or do culture and religion merely reflect the latter? We explore this issue by studying the case of Protestantism in China during the late nineteenth and early twentieth centuries....

Using time series data, this paper investigates China’s carbon emissions during 1960-2006, with particular focus on the direct role of growth and in connection to trade and the value added by various sectors like agriculture, industry and services. Our empirical results indicate the presence...

By applying conditional and unconditional data envelopment analysis (DEA) models along side with statistical inference using bootstrap techniques; this paper investigates the link between China’s carbon dioxide emissions (CO2) environmental efficiency and its economic growth (measured in GNI...