We use recently created longitudinal datasets measuring legal change over time to test whether the strengthening of shareholder and creditor rights leads to greater financial development. The hypothesis that law matters to financial development is rejected, both for a sample of 5 countries...

Trade liberalisation in developing countries over the last 20 years has often been implemented considering it as a pre-requisite to growth. This paper uses ARDL approach to cointegration and examines the relationships between growth and trade liberalisation in the context of India and Korea....

This paper analyses a longitudinal dataset on legal protection of shareholders over a 36 year period, 1970-2005 for four advanced countries, UK, France, Germany and the US. It examines two aspects of the legal origin hypothesis - whether shareholder protection is higher in the common law...

Abstract This study re–examines the theory of legal–origin on the basis of a new longitudinal dataset for four OECD countries (UK, USA, France and Germany) over a long time span 1970–2005. It observes that the civil law countries (France and Germany) provided better minority shareholder...

[eng] Prabirjit Sarkar — Is there any impact of trade liberalisation on growth ?. Experiences of India and Korea Trade liberalisation in developing countries over the last 20 years has often been implemented considering it as a pre-requisite to growth. This paper uses ardl approach to...

This paper develops the seminal ideas of Nicholas Kaldor into a Centre-Periphery framework of the world economy, where the Centre faces the problem of surplus capacity and effective demand and the Periphery faces a capacity constraint. In such a framework, a Harrod-type 'foreign trade...

Standard economic theory sees labour law as an exogenous interference with market relations and predicts mostly negative impacts on employment and productivity. We argue for a more nuanced theoretical position: labour law is, at least in part, endogenous, with both the production and the...

Stock market development has been an important part of financial liberalisation in the less developed countries (LDCs). In the pro-liberalisation circle, stock market is assigned to play an important role in the capitalist development of the LDCs. This is also true for the liberalisation regime...

This paper analyses a longitudinal dataset on legal protection of shareholders over a 36 year period, 1970--2005, for four advanced countries, the UK, France, Germany and the USA. It examines two aspects of the legal origin hypothesis--whether shareholder protection is higher in the common law...