The causal relationship between economic growth and energy consumption represents a widely studied topic in energy economics literature. Although it is well known that there is a strong correlation between energy consumption and economic growth, the issue of causality is still controversial. The...

Previous studies that analyzed income inequality mostly concentrated on identifying microeconomic determinants such as income, social factors (family structure, employment, or age distribution), or factor endowments; or such macroeconomic determinants as the exchange rate, economic openness or...

This study makes a brief assessment of the consequences of economic reforms that included a series of liberalization measures on Bangladesh's growth process by analyzing the 1974-2007 data with the help of cointegration, error correction, and Granger causality tests. The results suggest that...

Many developing countries are afflicted by persistent inequality in the distribution of income. While a growing body of literature emphasize differential fertility as a channel through which income inequality persists, this paper investigates differential child mortality - differences in the...

The main objective of this paper is to estimate the contributions of Foreign Direct Investment (FDI) to the aggregate growth and whether FDI have had an impact on total factor productivity (TFP) of Turkey for the period 1960-2005 using aggregate production function. This paper argues that the...

This paper investigates spatial dimensions of income inequality in Nepal using unit record data from the Living Standards Measurement (LSM) survey of 1995/96. The Gini, Atkinson and generalized entropy indices are used to measure income inequality. The results reveal that per capita income...

This paper considers the extent to which terrorism in Africa and South Asia is an economic good that can be explained within a standard rational choice model of optimizing agent, or an existential good explained by individuals who are present-aim oriented. Such a consideration is important for...

Previous research has shown that trust alters input efficiencies across countries, which is suggestive of parameter heterogeneity. In this paper, trust's role in parameter heterogeneity is further explored within the context of the neoclassical growth model. This heterogeneity creates a...

The paper examined the short- and long-run relationships between short-term external debt and economic growth in Thailand over the period 1970-2003. The ARDL-bounds test procedure to co-integration was used. Results reveal that real STED and real GDP are correlated positively and significantly...

In this paper, we applied alternative time series techniques and obtained similar summaries of demand for money relations for twelve developing countries. This indicates that adequate attention should be paid to the purpose of research and interpretation of results rather than to econometric...