This paper re-examines the Romer [1990] "knowledge driven" endogenous growth model in an open economy setting. As an alternative to Rivera-Batiz and Romer [1991], we consider trade between two absolutely identical countries that are characterized by imperfect competition in one of the trade...

The imperative of the state, irrespective of its organization, is to provide law and order, contract enforcement, and property rights. The government provides the foundation for markets to function and for society to prosper. A common thread in any government is that, for a given society, the...

We examine the relationship between oil imports and the domestic transport price index (TPI) using monthly data (July 2003 - Dec 2020) from Bangladesh. Utilizing Auto-Regressive Moving Average (ARMA) and Generalized Auto-Regressive Conditional Heteroskedasticity (GARCH) models, we find that...