Government regulation is a double-edged sword. By restricting the inputs—capital, labor, technology, and more—that can be used in the production process, regulation shapes the economy and, by extension, living standards today and in the future. Applied effectively, regulation can foster a...

The whole globe is going under a devastating threat of economic depression amid impact of COVID-19 pandemic. Almost No country can deny the fact propelling to the economic ramification of this diseases suggesting a confirmed apropos plan to recuperate any unavoidable circumstance in forthcoming...

The article provides a broad-based overview on competing development strategies and the economic performance of developing countries, mainly since the year 2000. Four traditional mainstream development strategies are discussed (Washington Consensus, neo-liberalism, "good governance" and MDGs)...

The new growth literature, using both endogenous growth and neoclassical models, has generated strong claims for the effect of national policies on economic growth. Empirical work on policies and growth has tended to confirm these claims. This paper casts doubt on this claim for strong effects...

Akin to Spanish flue of 20th century, the Coronavirus disease 2019 (COVID-19) pandemic is an unprecedented global emergency of 21st century, bequeathing a crucial impact on lives and livelihoods which triggered phenomenal policy challenges for economic revival. COVID-19 swiftly proliferated all...

Leading economic institutions such as the World Bank have argued that liberalization holds the key to growth, poverty alleviation and redistribution. Even recent efforts to model increasing returns within the framework of new growth theories have not resulted in prescriptions for stronge roles...

This paper briefly introduces the special preferential economic policies implemented by the Chinese government in ethnic minority areas. For statistical comparison and analysis, the authors divide China into ethnic minority economic zones and non ethnic minority economic zones. In some analyses,...

In this paper, I discuss the reasons for Costa Rica's economic performance over the last quarter of a century. Three complementary sets of policies (investments in human capital, careful stabilization, and an intelligent and aggressive integration into the world economy) explain the successful...

In this paper, we assess the role of investment in research and development (R&D) and economic policy uncertainty (EPU) in Sri Lanka's economic growth experience. We do this by first determining which endogenous growth theories best explain the evolution of total factor productivity (TFP) in the...

The relationship between foreign aid and the economic growth of developing countries is unquestionably an intricate one. While a newcomer to the topic might expect to find an obvious effect of aid on growth, the overwhelming majority of the literature in this field does not conclude its studies...