In this paper we have examined the issue of convergence of per capita GDP across 9 ASEAN countries during 1960-2001 using World Bank data. Empirical results failed to find evidence of beta convergence, beta convergence and conditional beta (betac) convergence in ASEAN countries. The reasons for...

This study aims at examining the impact of financial liberalization on welfare and presents the empirical evidence from Nepal using ARDL modeling cointegration test method. The test results indicate that financial liberalization is positively associated with increased employment opportunities in...

It is a stylised fact that financial 'repression' retards economic growth. Hence, financial liberalization is advocated to remove the stranglehold on the economy. Financial liberalization policy argues that deregulation of interest rate would result in a higher real interest rate which would...

This paper examines the dynamics, structural breaks and determinants of the real exchange rate (RER) of Australia derived from an inter-temporal general equilibrium model. Autoregressive Distributed Lag (ARDL) modelling results show that a one per cent increase in: (1) terms of trade appreciates...

Because of the open-access nature of the environment we consider an ad hoc adjustment of people's environmental footprint to the quality of the environment. The adjustment is motivated by environmental concern, but hindered by skepticism about announced changes in the state of the environment....

We analyze the evolution of intercountry income inequality and its decomposition between and within four geographical clusters and their fifteen regions from 1960 to 1990 by applying the income-weighted entropy measure. Our analysis assesses the contribution of income inequality within and...

By applying the Theil index of income inequality and its decomposition between and within groups to income data adjusted for purchasing power parity on 115 countries between 1960 and 1985, we find that the worldwide level of intercountry income inequality declined steadily by 0.584% per annum,...