Remittances are a transfer from mostly developed countries to less developed countries by the workers that have migrated for work. For some countries the magnitude is huge. In the western hemisphere the remittances flow mostly from the USA to Latin countries. Theoretically, the flow of...

This paper introduces readers to the Polish economy. This 38 million people growing market economy is the sixth country in Europe as for inhabitants and youngest country in Europe with some 50% of the population below 35 years. Therefore, Poland has a remarkable opportunity for new economic...

This article examines two competing saving functions. The Keynesian theory views the saving function as related to GDP. The "Maizels hypothesis" relates domestic saving to the export component of GDP. Since the economies of central Europe are exhibiting growing trade ties with the European...

Since mid-1980s, globalisation has been increasingly the centre of discussion. Especially, trade globalisation has taken the centre stage. However, there are no measures for determining globalisation. This paper provides some alternative globalisation indicators. In particular, we use the...

The issue of foreign aid dependency in Africa remains controversial among policymakers. The Euro zone, which provides the bulk of foreign aid to developing countries, is currently implementing some austerity programmes. Consequently, this study investigates what really matters; the quantity or...

In this paper, we analyse Pakistan's political risks and events that have affected the country's stock markets since 1947. We collected data in the form of questionnaires from historians, economists, politicians, government officials, bankers and stock market analysts in Pakistan and make...

It was not possible to test the neoclassical convergence theory on communist countries until the collapse of communism. The method of beta convergence indicates divergence among the liberated countries of Southeast Europe from 1980-2006. A more advanced quantile regression also indicates...

This study analyses the efficiency of the Turkish bank system over the period 2000-2005. The estimation showed that inefficiency decreases over the period under consideration and the analysis unambiguously indicates that the Turkish banking system has a large potential for improvement. The state...