La reducción de la pobreza, que afecta a más de un tercio de la población en América Latina y el Caribe, es un objetivo prioritario de las políticas públicas. A partir de un breve diagnóstico de la pobreza, este artículo discute los elementos de una estrategia integral para reducirla,...

The main aim of this paper is to investigate how far State Bank of Pakistan is prepared enough to undertake its monetary policy operations - right from its operational target (Reserve Money) to mid term target (M2) and ultimate target CPI (consumer price index) and Real GDP (Gross Domestic...

A general equilibrium model featuring multiple realistic sources of financial frictions is developed to study how different constraints interact in equilibrium. We highlight, distinguish, and evaluate their differential impacts and rich interactions. The economic impact of financial inclusion...

Indian and Chinese economies are growing rapidly among the Asian countries due to economic reforms. The prime objective of this study was to compare and analyze the economic status (in terms of economic growth, FDI inflows, export and import, remittance, labor force, tax and tariff) of both the...

The central question in this paper is whether a market economy can theoretically and empirically deal with sustainability. A system analysis of the current neoclassical theory shows that the system components (goal function, interaction mechanisms, actors and outcomes) are predominantly defined...

The current account surplus of the People's Republic of China (PRC) has drawn much foreign and domestic attention. This paper focuses on the reasons and remedies for the PRC's current account surpluses. Rather than deploying the standard explanations, we argue that asymmetric market...

Innovation is considered instrumental in creating value and growth in the modern society and as such has been extensively studied in the past decade. In this context innovation networks are considered central for driving innovation in general and technological innovation specifically. Federal...

This paper highlights the importance of knowledge for long-term economic growth. It presents the concept of the knowledge economy, an economy where knowledge is the main engine of economic growth. The paper also introduces the knowledge economy framework, which asserts that sustained investments...

This paper provides an example of a system dynamics model that incorporates soft variables. The model examines the challenges that a superpower faces while maintaining its position in the global economic system. The effects on aggregate welfare of the population at home and abroad, as well as,...

I perform an empirical analysis of the relationship between economics and politics in the countries in transition. I use regional results of national elections in the Czech Republic, Hungary, Poland and Slovakia to link variations in support for reforms with the economic effects of reforms...