The present study jointly determines the impact of rural infrastructure on the decision to choose between farm and non-farm enterprises vis-à-vis income by Bangladeshi rural households (4,195 households from 139 villages) using a bivariate Tobit model. The model diagnostic reveals that the...

The cross-country empirical literature on the finance-growth relationship has debated three propositions. These are (i) Financial deepening has a strong impact on the growth process (ii) Measures of financial “activity” rather than the “size” of the sector plays a more significant role...

The goal of this paper is to investigate the effects of the global financial crisis on employment conditions in Tunisia, specifically regarding hiring and separation rates. A panel data model which utilized firm level data covering five sectors over the period of 2007- June 2010 is used to...

This study examines the interactions among poverty, access to modern energy sources and gender in Nigeria. Descriptive statistics and logistic regression technique are used. The 2010 Nigeria Living Standard Survey data set obtained from the National Bureau of Statistics is used. The findings of...

Female genital mutilation (FGM) involves the partial or complete excision of external female genitalia and other damage to the female genital organs. This paper develops the identity economics of FGM as a complement to the agency-cost explanation provided by previous rational choice theorists....

The growth of the financial sector of an economy such as, the stock market is usually found to be highly correlated with the growth of the real sector of an economy. In this study, we make an attempt to investigate whether there is any significant relationship between the stock prices,...

This paper compares the competitive advantages of high technology products export from BRIC countries to the United States using quantitative (ESI and RCA index) and qualitative analyzingof export value and distribution performance. We estimate a Varying Coefficient Model on panel data for BRIC...

In many small developing countries, the benefits of capital market development are not realized, as banks dominate and stock markets struggle to establish a firm footing in the economy, remaining relatively illiquid and volatile. This paper examines the determinants of stock market volatility in...

The 2008 financial crisis has served as a catalyst for re-examining the forces of systemic financial crisis, the leading of which was perceived to be the inaccurate credit ratings. Although sovereign credit ratings constitute a small part of the credit rating industry, the impact of unexpected...

We build a theoretical model that describes the relationship between income inequality, fiscal redistribution and corruption in China. With between-group econometric model, using the provincial panel data of China from 1997 to 2006, this paper finds strong evidence in support of the propositions...