India’s investment rate has increased fourfold since 1950 and has risen sharply this decade to 36% of GDP. But contradictory views have been expressed regarding the importance of this investment pattern for India’s economic growth. This paper evaluates the impact of the rise in India’s...

In recent times, the prices of internationally-traded commodities have reached record highs and there is considerable uncertainty regarding their future. This phenomenon is partially driven by strong demand from a small number of emerging economies, such as China and India. This paper places the...

This paper analyses the relationship between stock prices and the Chinese macro economy measured by the level of GDP. There are many possible channels of influence between these two variables, channels which may operate in either direction. There are also many theories relevant to these...

We present a model of the world wool market that merges two modelling traditions: the partialequilibrium commodity-specific approach and the computable general-equilibrium approach. The model captures the multistage nature of the wool production system, and the heterogeneous nature of raw wool,...

In view of the distinct and seminal contributions of Pareto and Pigou to the economics of welfare, Pigou’s enduring influence in the field of public finance and Pareto’s hostility to developments in that field of study, the lack of a comparative study of their contributions is unfortunate....