The present world economy has, increasingly, been interconnected in terms of small units such as industries, regions and national economies as discontinuous systems. Changes in these systems have varied impact across the world economies. This paper tries to trace out various triggers, trails and...

The liquidity effect of money supply increases, as policy-oriented measures, would generally lead to a decline in interest rates. This is the direct effect. However, such money supply increases lead to a sum of the direct effect plus the positive indirect price and income effects. In sum, the...

The paper investigates using the empirical version of Capital Asset Pricing Model (CAPM) the sectoral growth relation of the major sectors to the national GDP growth of the Indian economy for the period 1980-81 to 2003-04. The results indicate that the Indian agriculture sector receives...

In this paper a simple open economy macro economic model is developed to identify which of the gaps-saving-investment, trade, or fiscal-become the binding constraints in the adjustment process with growth in developing countries. Using results of comparative statistics, the stability conditions...

A large number of monetary/credit policy issues are critically linked to the extent to which banks are subject to increasing or decreasing economies of scale. Actual verification of this is, however, full of problems arising from disagreement concerning appropriate classification of outputs and...