The Botswana banking system has witnessed substantial deregulation in the past three decades with the entry of foreign banks, mergers and acquisitions in the banking system and policy aimed at deregulating interest rates by moving towards more market determined interest rates. These measures...

This paper tests both the short and long term relationship between the real GDP, the equity amounts outstanding, the corporate bond amounts outstanding and bank credit to the private sector for five emerging markets. In particular, the finance-growth nexus is analysed with data collected from...

This paper uses an applied general equilibrium framework in which family labor use, including the labor of male and female children, is incorporated to examine the effect of income subsidy schemes designed to encourage schooling of children on intra-household resource allocation within rural...

Most of the study of causal relationship of GDP or growth with Trade and Foreign Direct Investment in the context of India rely on cross country comparisons, or simple correlations/regressions disregarding nonstationarity properties, or at most on VAR or VECM or Johansen-Juselius cointegration...

The famous 'Two Gap' economic theory suggests that an injection of foreign aid raises investment and savings of a country. However, a number of empirical studies have found that foreign aid has actually supplanted savings in many countries. The paper investigates the relationship between aid and...

This paper applied the Malmquist productivity index in order to estimate total factor productivity growth and its components (efficiency change and technological progress) in Indian manufacturing during the pre- and post-reform periods. The results illustrate that the economic reforms have not...

University entrance examinations create a difficult time for parents and students in developing countries. Families are exhausted from tutoring expenditures, and students are under great pressure to succeed in their tests. Tight admission policies limit access to higher education and prevent a...

The migration of Mexican immigrants to the U.S. is one of the largest bilateral migration flows in the world and remittances from these immigrants represent a crucial source of income for Mexican households. As the United States tightens controls on illegal migration, this may impact both...

This study using access to education and health as the indicators of gender inequality examines gender inequality and state level openness in the different states of India. Further, the study's findings show that at the sub-national level in India higher per capita income is accompanied with...

Globalization of the early 1990s is thought to have caused the loss of monetary-policy independence in India. I find that India's monetary-policy independence is anchored in the exchange-rate regime along with its state of foreign-exchange reserves, and not necessarily in globalization per se....