This paper explores the impact of memory in standard display imitation behavior, focusing on coordination games (as in Kandori et al (1993)) and N-player games where spiteful behavior allows to discard Nash equilibria. It is shown that the way interea is modeled in such examples actually entails...

We empirically study the effectiveness of a Demand Side Management (DSM) program for households based on customer information.

We examine a two country world. We endow each of the countries with externalities from both private and public capital that enable endogenous growth. We show conditions under which an equilibrium exists where both economies grow at constant but different rates.

The aim of this paper is to analyse, through a theoretical model, the effects that the trade integration of two countries may have on industrial location, growth and welfare. The conclusions reached finally depend both on whether the import or the export costs are affected by the trade policies...

The present study tries to understand the trends and determinants of economic growth in Indian states. For this, it considers two important determinants such as infrastructure and financial development. With the help of panel time series models, the study concludes that although both the...

South Korea has had a continuous engagement with significant trade, investment and security matters simultaneously in its relations with other nations. South Korea’s bilateralism with China is a part of a larger milieu which China has been constructing, that includes the Belt and Road...

This paper aims to investigate the relationship between physical infrastructure and economic development of Pakistan. A composite index of physical infrastructure has been constructed through Principal Component Analysis. This has been done by taking into account three different dimensions of...

We analyze whether landlocked regions are systematically poorer, using panel data for 1,527 regions in 83 nations from 1950-2014 and exploiting within-country-time variation. Lacking ocean access decreases regional GDP/capita by ≈13%. Specifically, coastal distance matters but not the length...

This article assesses the impact of road infrastructure investments on the structural competitiveness of Burkina Faso's economy. After retaining the period from 1980 to 2015, the estimate of the Model to Error Correction (ECM) revealed that investment in road infrastructure positively and...