This study is an attempt towards an integration of financial development and its effect on the real sector via the transmission mechanism with special reference to developing and emerging market economies. It finds two cointegrating relations between the financial development, output growth and...

Military spending has impact on social and economic conditions of any economy. Though, there has been mixed response found for the increasing military expenditure and economic growth in many countries. In this study attempt has been made to examine relationship between military expenditure and...

More than five decades after the Green Revolution transformed agriculture in the Indian state of Punjab, with positive spillovers to the rest of India, the state’s economy has been struggling. Punjab has fallen behind in rankings of per capita state output, and is experiencing environmental...