In this paper, we analyse the impact of the economic reforms implemented in the 1980s and of the Customs Union Agreement of 1996 on the intra-industry trade in Turkey. We use panel data for 20 trading partners of Turkey and the sample period from 1969 until 2009. Controlling for the effects of...

The aim of this paper is to examine the impact of a set of firm-specific and policy related variables such as size, age, ownership and effective rate of assistance on the rate of production capacity realization (PCR) of firms. This study uses a panel of 92 food manufacturing firms of Bangladesh...

This paper investigates the changing nature of economic integration in China. Specifically, we consider business-cycle synchronization (correlation of demand and supply shocks) among Chinese provinces during the period 1955–2011. We find that the symmetry of supply shocks has declined after...

Purpose – The purpose of the paper is to review the issues involved in determining the appropriate speed of adjustment and the sequencing of economic reforms, and to develop a checklist of key guidelines for policymakers as a basis for their decision-making process. Design/methodology/approach...

This paper reviews the background, rationale and prospects for India's recent reforms in the structures of local government. It begins by commenting on some dimensions of governance, and why it is useful to focus on decentralization, especially in the current Indian context. Then some of the...

A Ramsey model for a two-sector economy, comprising a labour intensive non-traded sector and a capital intensive traded sector, is used to analyse the transition following trade liberalization. Liberalization takes the form of removing a tariff wedge that benefited the non-traded sector. This...

Despite some conflicting figures, the problem of income disparities has probably increased in China, especially in the recent years. Although income disparity may be a natural outcome of a market economy, there are specific factors in China making it more of a problem. The negative effects of...

Purpose – The purpose of this paper is to evaluate recent financial system reforms in the USA by placing them in the context of major structural trends currently underway in the markets, due to technology and globalization of trading. Design/methodology/approach – The paper describes trends...