Since 2011 China attempts to internationalise its currency by allowing more cross-border trade to be settled in renminbi (RMB). Via the so-called RMB Trade Settlement Scheme trade partners are able to pay and to be paid in RMB offshore. Due to the mostly closed mainland (onshore) market, both...

The information technology (IT) cluster in Bangalore, India has developed substantially since the liberalisation reforms introduced in 1991. This development has been underpinned by government support and a labour arbitrage strategy that seeks to carve out a share of the large IT services...

This paper investigates the effects of the US crude oil prices (OIL) on some selected sub-sector indices of the Borsa Istanbul (BIST) including BIST-Chemical Petroleum, Plastic, (BIST-CHE), BIST-Textile-Leather (BIST-TEX), BIST-Metal Products, Machinery (BIST-MET), BIST-Transportation...

This paper presents an empirical investigation of inflation dynamics in Libya over the period 1964-2012, using cointegration and error correction models. While inflation inertia is found to be a key determinant of consumer price inflation, the results indicate that government spending, money...

The innovation systems aimed at increasing countries' competitive advantage and technological capabilities are less focused on developing countries. In addition, there remains a lack of research to determine whether innovation systems should explicitly exist for or be applied to individual...

Using a sample of 29 African countries for which adequate time series data are available this paper explores the nexus between financial development and manufactured exports. This particular relationship is especially important in the context of Africa since export diversification away from...

Non-governmental organisations (NGOs) have dominated considerably in developing countries in alleviating a wide spectrum of stressors and strains that are rampant in most families. In 2008, the NGO Joint Initiative for Urban Zimbabwe initiated the low input gardens (LIGs) projects - special ways...

Despite the increasing debate in literature on both tourism clusters and medical tourism, the role played by the government in medical tourism clusters remains vastly unexplored. The aim of the present paper is to explore government initiatives in clusters where the medical and tourism...