The paper investigates the casual relationship between government expenditure, GDP and exports for Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka for the period between 1960 and 2010. Using cointegration and Granger causality, the results suggest that there exists...

Economists maintain that the study of public policymaking falls outside the scope of their discipline. How and why public policies are made should be studied by political science. Policy debates in economics take place within a generally agreed framework referred to in the paper as the...

The UK coalition government claims that the establishment of market 'credibility' can only be achieved through the implementation of immediate and unpalatable fiscal austerity measures. The paper examines this claim and considers some additional questions. First, is there is any justification...