The economic prosperity associated with the Coastal regions of China has not 'trickled' down to the Western and Central regions sufficiently enough to eliminate the disparities in income between the regions. Indeed, the disparities between China's Coastal regions and its other regions continue...

Income disparities are rising in China as a consequence of the economic reforms post 1979 which virtually gave unchallenged economic growth and prosperity to the coastal regions whose economic growth increased over the last 30 years at the expense of the interior hinterland. Institutions in...

The Chinese economic reforms which started in 1978 were not just one set of reforms, but a cumulative and overlapping set of reforms over a 30-year period which effectively embedded knowledge creation in the Coastal regions of China. This resulted from the interaction of four processes,...

This paper evaluates the economic development of China using the New Economic Geography (NEG) as a framework of analysis. The NEG addresses the formation of agglomeration economies accruing to physical linkages in one location leading to the formation of a coreperiphery pattern between the...

The close relationship between commodity future and cash prices is critical for the effectiveness of risk management and the functioning of price discovery. However, in recent years, commodity futures prices, across the board, have appeared increasingly detached from prices on physical markets....

Despite repeated policy initiatives from donors and governments, the human and economic cost of continued lack of access to safe water and sanitation in sub-Saharan Africa remains high. This paper shows that a radical reorientation of policy is needed to achieve a significant increase in...

This paper investigates the rise and fall of the IV method in macro-econometric models and its subsequent revival in micro-econometric models. The key findings are: (i) the IV method implicitly breaks the contemporaneously circular causality postulated in a simultaneousequation model (SEM) by...

This paper takes stock of the current status of health sectors in MENA. From the narrow perspective of national aggregate indicators, as with most middle income countries, the region has seen significant achievements. Yet, health sectors face systemic challenges, and suffer from significant and...

This paper examines how ëconfluenceí and ëautonomyí, two key concepts introduced by Frisch around 1930, have disappeared in econometrics textbooks and why only some fragments of the two have survived mainstream econometrics. It relates the disappearance to the defect in the textbook position...