Past attempts to generalise the Stolper-Samuelson Theorem have used a matrix of real income terms which is sufficient but not necessary to define a change in utility. In contrast, one can define a second matrix of terms which are necessary and sufficient for a change in indirect utility. Using...

We investigate and find evidence for the hysteresis hypothesis in UK imports from South Asian countries, using a monthly sample data that covers 1999 to 2012. This paper finds evidence of the asymmetric effect of exchange rate volatility that "large" depreciations significantly reduce UK imports...

Remittances are considered as an important component of GDP in many developing countries. In order to increase remittance inflows many countries are now actively involved in labour export and thereby competing with other labour exporting countries in the international market. In this paper we...