Purpose – The issue of which financial initial conditions are necessary to materialize the benefits of financial globalization remains open to debate in the literature. In this paper, we try to put some empirical structure on the concept of financial threshold conditions in order to give...

The main aim of this paper is to know if infrastructures/technology and Foreign Direct Investment (FDI) can be consider like a cause of sub Saharan African export’s dependence against raw materials, and, for this purpose, we have assessed, in panel data, the effect of...

This article comprises our introduction to the book The Politics of Empire: Globalization in Crisis (Freeman and Kagarlitsky 2004) which we wrote jointly to introduce the articles in that volume, was the outcome of a seminar called in 2002 by the Transnational Institute to assess responses to...

The study is an attempt to explore the impact of inflation and income inequality in Pakistan. The study also analyzes the effect of foreign direct investment, workers’ remittances and manufacturing value added on growth. Annual time series data from 1972 to 2007 was used for the analysis....

Denne artikel har til hensigt at belyse, hvor meget fødevarebistand udviklingslandene får behov for I 1990erne. Desuden diskuteres perspektiverne for, at dette behov viI blive tilfredsstillet. Eksisterende prognoser gennemgås, og det påvises, at der i de kommende år vil blive brug for...

The paper is an attempt to observe the effects of the development of rent-seeking or lobbying groups on the growth pace of a number of countries. The relationship between the policy suggestions of competing interest groups, and economic policies implemented both at micro and macro level after...

This paper empirically examines developments in price and inflation in China from 1991 to 2005. Unlike most previous studies, their determinants were investigated in the panel data context, and our findings are as follows. First, using the panel cointegration method, we confirm a long-run...

Financial liberalization in various forms affects economic growth and activity. While cross country and time series observations underline the benefits of financial liberalization on growth, recent regional studies try to deepen the observation by distinguishing economic growth and economic...

In credit default prediction models, the need to deal with time-varying covariates often arises. For instance, in the context of corporate default prediction a typical approach is to estimate a hazard model by regressing the hazard rate on time-varying covariates like balance sheet or stock...

This paper incorporates recent developments in the literature to quantify the amount of interprovincial risk-sharing in Canada. We find that 29% of shocks to gross provincial product are smoothed by capital markets, 27% are smoothed by the federal tax-transfer systems, and about 24% are smoothed...