There is a vast empirical literature investigating the relationship between government size and economic growth. But the empirical evidence of growth effects of public expenditure using cross-country regressions is still inconclusive. According to a number of authors this is not surprising since...

This article critically evaluates the argument that, if developing countries had better institutions and policies and deeper financial markets, they would receive a boost to growth from capital account liberalization. The existing empirical record is ambiguous and leaves unanswered many of the...

The recent closure of the National Textiles plant in Newcastle has again brought the issue of plant closure in the textiles clothing and footwear (TcF) industries into the public arena. While National Textiles struggled to survive during the 1990s, many other TeF firms failed. This article...

Industry Commission inquiries into the passenger motor vehicle and textiles clothing and footwear (TCF) industries have focused attention on the employment prospects of workers who are displaced as a result of structural change. The fact that older and less skilled workers face considerable...

This paper reports experiments on the possibility of formulating operational models of adaptive/evolutionary non-convex general equilibrium systems to be adoptable as a framework for social choice to implement a socially optimal growth and climate change program. To perform this task, this paper...

Currently, traditional development issues such as economic stagnation, poverty, hunger, and illness as well as newer challenges like environmental degradation and globalisation demand attention. Sustainable development, including its economic, environmental and social elements, is a key goal of...

Valuation and portfolio choice of stocks are interrelated via optimal risk management. Investors use valuation models in determining and evaluating stock values. Portfolio theory enables an optimal risk combination of the stock selected through valuation process. The portfolio optimisation...

The HOGLEX demand system (Tran Van Hoa (1983, 1985)) is integrable and flexible in the sense that it is based on utility maximization and encompasses most other well-known demand systems (e.g., LINEX, AIDS) in the literature on consumer behaviour (Laitinen et al. (1983)). HOGLEX studies to date...

The two main flavours of integrated climate change assessment (formal cost benefit analysis and the precautionary approach to assessing dangerous anthropogenic interference with the climate system) also reflect the major controversies in applying climate policy. In this assessment, we present an...

Increasing economic growth has long been the dominant position within the public policies of all South East Asian countries. More recently, a new issue, sustainability, has emerged within development economic literature, which has significant implications for the continual pursuit of economic...