This study investigates the relationship between mutual fund performance and fund manager’s characteristics by using quarterly data of 14 open end equity mutual funds during 2005(8) to 2008(8). Data were collected from the database of Mutual Funds Association of Pakistan (MUFAP) keeping age,...

By introducing the excess burden of taxation into unionized mixed and privatized oligopolies, we show that (i) if the government that maximizes social welfare values with a small weight of excess burden of taxation, privatization matters regardless of the number of firms; however, (ii) when the...

We present an endogenous growth model with technological externalities emitted the presence of the foreign direct investments. We showed that the net positive impact on the growth of these investments may be if and only if the host country such as Morocco has reached a minimal level of human...

This study investigates the impact of the U.S. federal budget deficit on ex ante real long-term interest rates in the U.S. using quarterly data for the period from 1973 through 1995. The study adopts a loanable funds model. Two stage least squares estimates reveal that the federal budget deficit...

Roughly 1.37 crore households, or 17.4% of urban Indian households lived in slums in 2011. India‟s current policies and programmes are not enough to improve slum conditions or stop proliferation of slums. This phenomenon poses serious questions to Indian economic researchers and policy makers....

According to the life-cycle theory, countries with high and rising youth ratios or high and rising old-age ratios tend to have low savings relative to investment, which depresses their capital outflows. This paper puts life-cycle theory to the test and studies the impact of demographic change on...

This paper aims to evaluate the importance and impact of CFA zone membership by distinguishing between the effects of being in monetary union from those which arose from anchoring the CFA franc. Using de jure and de facto regime classification schemes and a sample of 35 SSA countries over the...

Abstract The East Asian countries have achieved a spectacular average rate of economic growth over the last 30 to 40 years, with very substantial diversification and economic development. Korea, for example, managed to transform itself from being a largely agricultural society in 1960 to the...

The paper seeks to integrate the theoretical developments in the field of imperfect competition and monopoly, and operation of the firm in such conditions, with the theories of income distribution, particularly among the macroeconomic aggregates of capital and labor. And formulating a working...

This paper contributes in economic literature by investigating the impact of defence spending on income inequality in a case of Iran using time series data over the period of 1969-2011. For this purpose, we have applied the ARDL bounds testing approach to cointegration for long run relationship...