The aim of this paper is to examine the dynamic relationship between natural resource rents, government spending, government revenues and economic growth in Algeria during the period 1980-2011. The empirical results reveal a bidirectional causal relationship between economic growth and natural...

This present study investigates the relationship between natural resource abundance and economic growth in Venezuelan economy. We have applied the ARDL bounds testing approach to cointegration developed by Pesaran et al. (2001) to examine long run relationship between the variables. The VECM...

This paper considers dynamic panel models with a factor error structure that is correlated with the regressors. Both short panels (small T) and long panels (large T) are considered. With a small T, consistent estimation requires either a suitable formulation of the reduced form or an appropriate...

This study has uniquely established that financing women though Self Help Groups has a significant role in empowering women, which is a smart economics indeed in achieving the objective of economic development of the weaker sections. The findings of this study establish using the statistical...

The median voter theorem is one of the most prominent results of formal political theory and economics, and is widely used to study interactions between them. The median voter is the person in the middle of the distribution on the single dimension and is a more accurate predictor of decision...

In this paper an attempt has been taken to describe various types of voting system and manipulation of them. French philosophers Marquis de Condorcet (1743-1794) and Jeans-Charles Borda (1733-1799) introduced modern voting system. Duncan Black first introduced the manipulation of voting in 1958...

The single transferable vote (STV) is a system of preferential voting designed to minimize wasted votes. In STV, a constituency elects two or more representatives per electorate. As a result the constituency is proportionally larger than a single member constituency from each party. Political...

The hedge fund represents a unique investment opportunity for the institutional and private investors in the diffusion-type financial systems. The main objective of this condensed article is to research the hedge fund’s optimal investment portfolio strategies selection in the global capital...

The hedge fund represents a unique investment opportunity for the institutional and private investors in the diffusion-type financial systems. The main objective of this condensed article is to research the hedge fund’s optimal investment portfolio strategies selection in the global capital...

Space-time manifold plays an important role to express the concepts of Relativity properly. Causality and space-time topology make easier the geometrical explanation of Minkowski space-time manifold. The Minkowski metric is the simplest empty space-time manifold in General Relativity, and is in...