Recent literature has debated possible adverse impacts of aid volatility on a country's economic performance. Our paper adds to this literature in three ways: First it tests the validity of the aid volatility and growth relationship from various aspects: across time horizons, by sources of aid,...

Recent findings in the finance and consumer behaviour literature have shown that investorsÕ investment decisions are likely to be affected by their psychological tendencies. The focus of this paper is to understand how investorsÕ psychological tendencies influence purchase postponement of...

As exports from regions of developing economies to higher income economies grow, business cycle linkages between these areas also increase. This study applies a transfer function ARIMA methodology to the analysis of maquiladora sector employment in a non-border region of Mexico as a means for...

This study estimates an aid-growth model and an aid-fiscal model to quantify the effects of foreign aid on GDP growth and fiscal behavior in Bangladesh over the 1973-1999 period. The aid-growth model applies the cointegration method to a neoclassical growth model and finds that aid has marginal...

This paper draws attention to the implications of the foreign direct investment (FDI) in the presence of monopoly power of multinational enterprises (MNEs) in the industries that are natural monopolies of a developing host country. We also take into account the MNEs' behavior that relies on the...

The potential impacts of investing in drought tolerant maize (DTM) in 13 countries of eastern, southern and western Africa were analyzed through an innovative economic surplus analysis framework, to identify where greatest economic returns and poverty reduction may be achieved. Assuming a...

Applying a Stochastic Production Frontier to sector-level data within manufacturing sector in India, this paper examines Total Factor Productivity (TFP) growth during 1979-80 to 1997-98. The analysis focuses on the trend of technical progress (TP) and Technical Efficiency Change (TEC). The...

In this study using standard measures of inequality such as Gini coefficient, Kakwani Index, coefficient of variation and Theil Index we examine inequality in carbon emissions for the years 2000-09 at the sub-national level covering 17 major states of India. At the outset, in order to estimate...

This paper examines causalities among foreign direct investment (FDI), economic growth (GTH), and financial development proxied by both equity market size (EQM) and bank credit to private sectors (BANK). We use a structural cointegration model with a vector error correction (VEC) mechanism to...

The findings of low or even negative total factor productivity (TFP) growth in Singapore’s manufacturing industries by Young (1995) and many others has been a controversial issue in view of its crucial role in the future sustainability of Singaporean manufacturing. This paper applies the...