Whether sectoral diversification affects the exchange rate regime choice and the mechanisms through which this effect might work are largely unknown. This study identifies two mechanisms through which sectoral diversification and exchange rate regime choice may be related, namely the external...

We theoretically model and empirically investigate a society’s liberalization decision and its impact on income inequality. The motivation is that a blanket conclusion that globalization increases inequality within countries can be misleading. In the paper, the decision of the society rests on...

The empirical evidence on the Kuznets hypothesis ranges from positive or negative support to insignificant relationships. Most studies typically try this hypothesis in domains different than the one conceived by Kuznets, which pertains to the industrialization-led urbanization (i.e., significant...

The present study is an attempt to explore the potentials for expanding trade and investment under the ambit of sub-regional cooperation comprising four contiguous countries of Eastern South Asia which includes the two fast growing economies -India and China and the two developing economies of...

This paper examines income convergence across U.S. regions for the period 1929-2002 using unit root and cointegration techniques. The findings suggest it is difficult to reject non-convergence in per capita incomes across regions even when endogenous breakpoints are included. Interestingly, we...

The article reports results of an empirical investigation into trade, openness, and domestic conflict for several Latin American countries. It addresses two main issues: (1) whether variations in trade openness affect the likelihood of the onset of domestic conflict and (2) once initiated, how...