This paper briefly reviews six decades of Malaysia's economic development strategy, which may be described as bounded industrial policy that favors export-led growth. The objective of the current Tenth Malaysia Plan (2011–2015) is to achieve high-income status by 2020 by promoting...

We study whether stock market returns in oil-exporting countries can be predicted by oil price changes, and we investigate the link between predictability and the quality of each country's institutions. Returns are predictable for half the countries we consider, and predictability is stronger...

Dutch disease is the phenomenon that has its origins in the 'immiserising growth hypothesis' which argued that increase in the export sector can lead to misery for the economy if the terms of trade deteriorate in a significant way. While Holland's economy was the first to experience such a...

This article investigates the relationship between income and corruption which provides an insight to the changes in the level of perceived corruption and economic development across countries. An existing shortcoming is that previous studies have focused only on detecting the linear effects of...

This article contains a critical review of the literature on the economics of military affairs in Greece and Turkey as of December 1999. In particular, I review (a) arms race models; (b) models of the demand for military expenditure; (c) models measuring the economic impact of military...

Post-war European integration is a succession of regime changes: customs union in the 1960s, Single Market and EMU in the 1990s and EU enlargement in the 2000s. Since 1995 Austria as an EU member takes part in the deepening of EU integration (Single Market, EMU and Monetary Union) and...

This study attempts to capture the impact of vertical and horizontal R and D spillovers across the supply chain. Empirical studies have captured vertical spillovers while finding the role of horizontal spillovers in R and D to be negligible, as the pool of accessible knowledge is the same for a...

In this paper we investigate the effect of the restructuring of university studies that took place in Italy after the introduction of the «3+2» reform on student time allocation and performance. We use data from an Economics Faculty and propensity score matching, which allow us to account for...