Identifying determinants of income distribution is in itself of significant importance as well as being a necessary precondition for appropriate policy design. The United States is the strongest military power in the world and one of the world’s biggest arms merchants. Given the overwhelming...

Deininger and Squire in their article, A New Data Set Measuring Income Inequality, investigate the relationship between growth and the Gini coefficient from their new data set to test the Kuznets hypothesis. They find no support for the Kuznets hypothesis. The purpose of this paper is to use the...

Using a conventional multi-region, multi-sectoral global trade analysis project (GTAP) model, we analyze the effects of India’s trade liberalization policies on its output, trade, and welfare. We also analyze three trade policy scenarios: full trade liberalization, joint cooperative trade...

Cointegration tests based on Portugal’s annual data from 1833 to 1985 indicate that output and the price level move in a long-run equilibrium relationship. The short-run bidirectional causative chains between these two variables resulting from the error-correction model appear to confirm what...