. In 1990-1991, worldwide military expenditure amounted to $950 billion. This bill could be reduced by the year 2000 by over $300 billion.. . Excessive military expenditure jeopardizes development prospects. . Policies to achieve transparency and to strengthen military security arrangements...

. Les dépenses militaires mondiales représentaient 950 milliards de dollars en 1990-1991. Cette facture pourrait être réduite de plus de 300 milliards d'ici l'an 2000. . Des dépenses militaires excessives compromettent l'avenir des pays en développement. . Améliorer la transparence des...

This paper provides compelling evidence that equity market liberalization, as the most efficient way to smooth financial market frictions such as credit constraints, can alleviate persistent cross-dynastic income inequality by promoting increased human capital accumulation. The authors examine...

This paper provides compelling evidence that equity market liberalization, the most efficient way to smooth financial market frictions such as credit constraints, can alleviate persistent cross-dynastic income inequality through increasing the accumulation of human capital. We examine the impact...

Micro-foundations for the well-known gravity trade model are investigated. A new framework is adopted, together with assumptions that while strong are rather less restrictive than those typically employed in this context, thus enabling rather more complex and interesting results to be obtained...

This paper proposes a new approach to the analysis of the military expenditure - growth nexus, applied to the case of India. Military expenditure has, first, a direct impact on the central government budgetary decisions, with a variety of crowding-out effects on other public spending. Second,...

With the competitiveness of UK manufacturing declining steadily during the interwar period, and a significant rise in unemployment in the early 1930s, the UK government responded by introducing the General Tariff in February 1932 in an attempt to halt the increase in unemployment and the...