This paper provides a critical assessment of the austerity measures that are being implemented in the crisis-stricken countries of the Eurozone, and in particular, the implications of internal devaluation for the Greek economy. The theoretical underpinnings and phases of internal devaluation are...

This study aims to explore the extent to which conventional methods used in the majority of relevant growth studies can successfully interpret the economic performance of a highly underdeveloped African country such as Sudan. Applying an ARDL boundstesting approach to cointegration proposed by...

The on-going and seemingly endless financial crisis within the European union in conjunction with the austerity measures implemented by a number of member states, have caused a great deal of speculation to emerge regarding the appropriate policy responses needed to put the already derailed...

Transition economies in the Central East European (CEE) and South East European (SEE) region have embraced the notion that FDI can act as a catalyst in their effort to reform their economies and as a result policies and measures have been put in place to attract FDI inflows. Indeed, foreign...

The objective of this paper is to gain an insight into the Greek hyperinflation that occured during the period 1941-1946. In doing so, a relatively novel data-set in conjuction with the bound testing approach to cointegration and error correction models developed within the autoregressive...

Τhe emergence of the neo-liberal doctrine in the European Union (EU), as this is reflected by the prevalence of monetarism and market deregulation, has spawned a wave of criticism to be leveled at the way national macroeconomic policies have been conducted, with more emphasis on the...

Purpose – The purpose of this paper is to explore the instrumental role that copyright and trademark enforcement strength plays in stimulating licensing flows in 21 countries. Design/methodology/approach – In so doing, panel data methodology serves as the empirical platform upon which the...

Purpose – The purpose of this paper is to explore the alleged link between institutional quality and economic performance in 27 Sub‐Saharan Africa (SSA) countries during the period 1984‐2003. Design/methodology/approach – Four institutions' quality indicators, namely government...