The paper seeks to analyze various contemporary theories in the measurement of real exchange rates and the associated problematics involved in each case particularly for a developing economy. It then focuses on the estimation of real exchange rate for the developing economy of Turkey using the...

This study empirically investigates the role of trade policy along with physical capital, human capital and labour force on economic growth in an isolated economy (i.e. North Cyprus). We use a sample of quarterly and seasonally adjusted data covering the period 1978Q1-2002Q4 to evaluate whether...

The massive empirical research on the relation between ‘outward orientation’ and economic well-being of countries has been hampered by lack of good measures of outward orientation that reflect a country’s international trade policy. A recently-constructed index of trade restrictiveness,...

The author considers the issue of inter-industry labour mobility in the theory of optimum currency areas (OCA) and analyses the explanatory and predictive power of Mundell´s and Kenen´s criteria when the phenomenon of monetary integration presents itself as a process of gradual incorporation...

The ratio of import duties to total imports is a widely used measure of tariff policy in growth empirics. However, no clear and robust relationship emerges from the statistical analysis linking such an index to growth. This paper argues that this failure may be explained by precise theoretical...

The current article attempts to outline a medium-term political economy framework to interpret the recent revolutionary and counter-revolutionary waves in Egypt. The January 2011 revolution has, among its many determinants, deep socio-economic roots which must be traced back to the failure of...

Using the framework developed by the Country Indicators for Foreign Policy (CIFP) project (www.carleton.ca/cifp), this paper examines state transitions in the Middle East and North Africa (MENA) region. While previous studies have found legitimacy to be a particular concern across the region,...

This paper attempts to explore a new dimension of India’s ‘financegrowth- crisis’ nexus. For this end, the summary indicators of financial development, financial crisis and financial repression are created through the principal component approach, and we perform the cointegration and...

This paper examines India’s pattern of development, on the basis of the hypothesis that India today reflects the legacy of a combination of policies simultaneously favouring and disfavouring domestic entrepreneurship. India differs from all other economic systems at the same development level...

This paper reassesses the empirical evidence on the finance-growth nexus for India through a large annual data set (1950-2006) and contributes to the current literature in many respects. Differently from most previous research, the empirical evidence supports the ‘demand-following’...