The ultimate objective of the present paper is to empirically investigate the effectiveness of competition policy in developed and developing countries. Although its importance is continuously increasing, the effectiveness of competition policy still seems to lack the attention that it would...

This paper presents the DIGNAR (Debt, Investment, Growth, and Natural Resources) model, which can be used to analyze the debt sustainability and macroeconomic effects of public investment plans in resource-abundant developing countries. DIGNAR is a dynamic, stochastic model of a small open...

Amartya Sen, the Nobel economist, explains why mortality should, or could, be an indicator of economic success. While mortality is not in itself an economic phenomenon, the influences that increase or reduce mortality often have distinctly economic causes. Consequently there is a prima facie...

We develop a tractable small open-economy model to study the first-round effects of international food price shocks in developing countries. We define first-round effects as changes in headline inflation that, holding core inflation constant, help implement relative price adjustments. The model...

This paper analyzes how differences in legal origin, judicial efficiency, and investor protection affect firm leverage and earnings volatility across developing countries. Using a large number of developing countries, four main findings are highlighted. First, firms in civil legal origin...

In parallel to the fair trade movement activities, the notion of fairness is at the heart of a conflict of interpretation between developed and developing countries in multilateral trade negotiations. Recently, this conflict has mutated along with the rise of numerous Global South inter-state...

This paper examines the impact of various determinants on female labor force participation in developing countries. Based on data from the World Values Survey (2008) and the United Nations’ 2011 Human Development Report and a sample of twenty-one developing economies we find that the female...

This paper investigates the links between climate change and growth and development in developing countries. Based on data from the World Bank and using a sample of twenty-two developing economies, we find that per capita GDP growth is dependent upon internet access, the change in average annual...