The limited research undertaken thus far to discover the root causes of terrorism in South Asia. This study takes an initiative to explore root causes of terrorism in South Asia by using panel technique during the period of 1980–2011. The results show that GDP per capita decreases terrorism...

Supporting its developing member countries (DMCs) affected by fragility and conflict is a high priority for the Asian Development Bank (ADB). This is demonstrated by ADB’s adoption of its 2007 approach, which responds to the special challenges faced by DMCs experiencing conditions that are now...

I study the effects of monitoring on turnover of executives, when the executives' early actions have permanent effects on future outcomes. I consider an infinite-horizon environment where the expectation about the potential successor's effort is endogenous. As a result, the incentive to replace...

It has been long believed that prolonged political instability harms economic growth and development. This paper contributes to this growing empirical literature by studying the case in Fiji, which has faced a long period of political instability underpinned by a series of coups, military...

Planned ‘‘surprise’’ devaluations are often spurred by non-economic circumstances: a rentseeking government; political instability; or the opportunity to put the blame on a predecessor government. In this paper, these aspects are incorporated in the monetary and fiscal policy framework...

This paper examines the short run sensitivity of willingness to pay (WTP) estimates for groundwater quality and quantity in the presence of external shocks, using data from two choice experiments implemented in Zagreb, Croatia. To assess the sensitivity of WTP estimates we take advantage of a...