This paper examines the relationship microfinance and inequality by providing a cross-country empirical study of 61 developing countries. Microfinance plays an important role in the financial market in many developing countries. Although microfinance is expected to significantly affect macro...

This paper examines the relationship microfinance and inequality by providing a cross-country empirical study of 61 developing countries. Microfinance plays an important role in the financial market in many developing countries. Although microfinance is expected to significantly affect macro...

This paper uses Monte Carlo simulations to investigate the impact of nonstationarity, parameter heterogeneity and cross-section dependence on estimation and inference in macro panel data. We compare the performance of standard panel estimators with that of our own two-step method (the AMG) and...

There exists convincing evidence that democratic countries are less volatile. This conclusion is usually reached with respect to volatility as measured by the standard deviation of annual growth rates of per capita GDP which includes both low and high frequency fluctuations. However, recently...

The “Hoosier Comeback” program, sponsored by the Indiana Economic Development Corporation, is part of a strategy to boost economic growth, in this case through increasing the quantity and quality of available human resources by providing subsidies to encourage the return of former residents....

The monograph is devoted to use of distributed and parallel calculations in MATLAB interface. The technology is approved on standard problems of linear algebra. The industrial approach for identification of mathematical models of difficult systems on the basis of MATLAB parallel technics is...

The “Hoosier Comeback” program, sponsored by the Indiana Economic Development Corporation, is part of a strategy to boost economic growth, in this case through increasing the quantity and quality of available human resources by providing subsidies to encourage the return of former residents....

This paper uses Monte Carlo simulations to investigate the impact of nonstationarity, parameter heterogeneity and cross-section dependence on estimation and inference in macro panel data. We compare the performance of standard panel estimators with that of our own two-step method (the AMG) and...

The paper endeavours to look into the evolution of the role of the state and move towards privatisation in India. It starts with a discussion on the role of State intervention in the economic development within the contours of socio-economic and political circumstances. It recognises the fact...

Maizels (1968) hypothesizes that exports contribute more to savings than the non-export part of GDP. In this paper, we study the Maizels’ hypothesis for 17 African countries using time series data. The study finds general support for the Maizels’ hypothesis.