Purpose - The paper investigates whether Granger causal relationships exist between bond market development, stock market development, economic growth and two other macroeconomic variables, namely, inflation rate and real interest rate. The study aims to expand the domain of economic growth by...

This paper investigated the linkages between banking sector depth, trade openness, and economic growth using a panel data set covering the ASEAN regional forum countries for the period 1961-2012. Using our multivariate framework, we first found that all the variables were integrated of order one...

This paper investigated the linkages between banking sector depth, trade openness, and economic growth using a panel data set covering the ASEAN regional forum countries for the period 1961–2012. Using our multivariate framework, we first found that all the variables were integrated of order...

Purpose - The paper investigates whether Granger causal relationships exist between bond market development, stock market development, economic growth and two other macroeconomic variables, namely, inflation rate and real interest rate. The study aims to expand the domain of economic growth by...

Climate change has a profound impact on the planet, especially on developing countries – as highlighted by the Stern Report to the British government in 2006. One solution to mitigating environmental degradation and achieving better outcomes appears to be through the provision of aid to poor...

Globalisation in Historical Perspective. Michael D. Bordo, Alan M. Taylor and Jeffrey G. Williamson, eds., Nigel Harris, author Global Shaping and its Alternatives. Yildiz Atasoy and William K. Carroll, eds., D. J. Shaw, author Tapping the Market: The Challenge of Institutional Reform in the...

Books reviewed: Edited by C. Kirkpatrick, R. Clarke and C. Polidano - Handbook on Development Policy and Management Jane A. Pryer - Poverty and Vulnerability in Dhaka Slums: The Urban Livelihoods Study Richard Lynn and Tatu Vanhanen - IQ and the Wealth of Nations Edited by Sara Oldfield - The...

This paper asks what motivates Western donors to provide foreign aid to Nepal. Results reveal existence of both donor interest and recipient need considerations in the disbursement of aid to this country over the period 1981 to 2005. Donors’ desire for promotion of commercial...