Following their EU accession, the new member countries from Central and Eastern Europe (CEE) must achieve sustainable price stability as one of the pre-conditions for joining the Economic and Monetary Union (EMU) and adopting the euro. This paper examines the distribution dynamics of inflation...

This paper examines price index convergence among U. S. cities by applying panel unit root test procedures that allow for structural breaks to annual CPI data between 1918 and 2010 for 17 major cities. With an endogenously determined single break in 1985, and two breaks in 1943 and 1990...

This paper presents measures of relative efficiency for nine small scale industries in fifteen major states of India. An index of relative efficiency based on total factor productivity is used. It is observed that there are wide differences in efficiency of these industries among the states. The...

Using data for 93 countries for a period from 1970 to 2000, this paper examines the effects of foreign direct investment (FDI) on cross-country differences in productivity. We construct a spatial Gini coefficient of labor productivity across countries, and weighted indices of FDI and gross...

This article briefly discusses various definitions and concepts of the so-called information society. The term information society has been proposed to refer to the post-industrial society in which information plays a pivotal role. The definitions that have been proposed over the years highlight...

This paper reviews the extant literature on the impacts of climate change on agriculture. We first discuss various methodologies used to study climatic impacts on crop yield. We then present a brief survey of studies from across the globe followed by a discussion on India-specific research. The...

Development theories of dual economy emphasize interactions between the modern sector and the traditional sector through factor and commodity market linkages for long run growth of the economy. Within this paradigm of development this paper tries to explain why substantial investments in a...