Over the past 5 years, real energy and non-energy commodity prices have trended sharply higher. These relative price movements have had important implications for inflation and economic activity in both Canada and the rest of the world. China has accounted for the bulk of incremental demand for...

Burkina Faso has experienced quite significant aggregate growth over the past two decades, but that growth has not been transformed into poverty reduction. The key obstacles preventing large-scale escape from poverty are very high population growth combined with the absence of major...

The objective of this study is to determine long run relationship between the natural resources and economic growth in the case of Pakistan. The robustness among the variables has determined by using the JJ cointegration approach and autoregressive distributed lag (ARDL) approach to...

The rebirth of democratic dispensation in Nigeria was threatened with multi facet challenges of high external indebtedness, rising rate of inflation from single to double digit, unabating high rate of unemployment, slow paced but fluctuating GDP growth rate, foreign reserve inadequacy, and the...

By employing a panel vector autoregressive approach, we show that containership trade is an important determinant ofGDP growth. Using the full sample of sea-transported container boxes of 135 countries for ten years, we provideevidence that the amount of TEUs transported, both contemporaneously...

A feature of modern globalization processes is their vulnerability to the volatility of short-term capital flows, which, combined with the growing volatility of commodity prices, have created serious difficulties for the economic policies of commodity-oriented countries. Therefore, the study of...

India is experiencing high rate of economic growth in the last two decades but the growth has been coupled with high rate of food price inflation. The growth has been very uneven across sectors with agriculture remaining very sluggish. The increase in per capita income has significantly...

In the 'stagnationist' macroeconomics, the long-term problem of growth and distribution has been discussed in a short-period Kaleckian framework which abstracts from labour market-output market interaction to determine real wages. However, even in this framework, one can challenge the...

For nearly three decades, China has achieved an economic miracle. China's official GDP per capita increased almost tenfold, from about US$150 in 1978 to US$1,449 in 2005. China's growth measured by the purchasing power parity (PPP) has been even more impressive. The GDP per capita in terms of...