This study employs a Structural Vector Autoregression (SVAR) model to analyze the dynamic effects of wage changes on Ghana's economy. In particular, the paper sheds light on how changes in wages affect the short-run and long-run dynamics of labor productivity, employment and prices in the...

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...

The transfer of technology from developed to the developing countries plays an important role in meeting the technological needs of the latter. A strict patent regime adopted by a developing country encourages the transfer of the latest technology from the developed world. At the same time...

The present study re-estimated the import demand function for Pakistan on the basis of quarterly time series data by employing autoregressive distributed lag approach. The present study draws various significant conclusions from the estimation of aggregate merchandized import demand function....

We argue that how inward foreign direct investment (FDI) affects domestic investment (DI) depends on the degree of financial deregulation. Utilizing the Chinese experience and its panel data, instrumenting FDI with weather indicators (validity supported by over-identification tests), our...