Uzbekistan has huge opportunities, offering a potential for a considerable economic development. Among the other sectors, agriculture plays a specific role in economic development because of its significant share in total employment and GDP. The aim of this paper is to analyze main sectoral...

Papua New Guinea's (PNG) resource boom has come to an end. Theory suggests that the real exchange rate (RER) should subsequently depreciate in order to restore internal and external balance. In practice, however, the imposition of foreign exchange controls has led to a large backlog in foreign...

Economic leakage occurs when money leaves or “leaks” away from the local economy sooner than expected and sooner than is optimal. From an ideal economic perspective, money should circulate in the local economy where it was received or earned five to seven times before leaving that community....

A considerable amount of research has shown that carbon tax combined with research subsidy may be regarded as optimal policy for diffusing low carbon technologies. The paper exploits the macro economic approach of the endogenous growth models with technologic al change for a comparative...

This paper analyzes macroeconomic growth of the economies in Southeast Asia since the end of the Second World War. It argues that there appears a convergence in development strategy among the economies in this region in recent decades. With few exceptions, every economy in Southeast Asia has...

Evidences in the literature show that Nigeria's consumptionist nature as well as its heavy dependence on crude oil income streams, have created room for growing unemployment, inflation and poverty rates as well as the recent shrink in its GDP growth rate. More so, the unpredictable movements in...

A considerable amount of research at the micro level has shown that that carbon tax combined with research subsidy may be regarded as an optimal policy in view of diffusing low carbon technologies for the benefit of the society. The paper exploits the macro economic approach of the endogenous...

This paper evaluates the effects of restricted land use rights on aggregate productivity using micro-level data within a quantitative model. In particular, I exploit the Rice Land Designation Policy in Vietnam, which forces farmers to produce rice on almost 45% of land plots. I use digitized...

We estimate the long-run effects of oil wealth on development by exploiting spatial variation in sedimentary basins---areas where petroleum can potentially form. Instrumental variables estimates indicate that oil production impedes democracy and fiscal capacity development, increases corruption,...

This article seeks to explain Africa's current quot;period of unparalleled economic success,quot; following decades of economic stagnation. Using newly available data, we investigate whether international commodity price increases (our quot;metalsquot; hypothesis) or policy reforms (our...