The literature on export-led growth in India is voluminous but inconclusive. This study re-examines the export–output relationship over the 1960–2009 period, and finds strong evidence of export-led growth for India. While there is no long-run cointegration relationship between...

In this article, a panel of 45 developing countries for the 1971–2009 period is used to investigate the dynamic relationship between electricity consumption and economic growth. We employ the system generalised method of moments (system GMMs) approach proposed by Blundell and Bond (1998),...

This paper econometrically analyses the profi tability of Malaysia and Indonesia in exporting crude palm oil (CPO) and refi ned palm oil (RPO) by estimating asymmetric price transmission using a cointegration threshold autoregressive (TAR) model. The empirical results show that Malaysia’s...

It has now been more than 40 years since the first attempts of defining and data collection on informal sector and informal employment on a large scale were launched in the early 1970s. Many debates paved the way for the international definition of the informal sector in 1993 and informal...

The idea of dualism in the South African economy, characterised by a ‘first’ and ‘second’ economy, has come to dominate government thinking in recent years. Using the panel component of the Labour Force Survey (LFS), we explore linkages between the formal and informal...

Economic theory predicts a growth enhancing activities of various core functions of government. Nonetheless, government spending in non-democratic countries often goes beyond these core functions, namely into rent-seeking and non-productive activities. This paper employs the Autoregressive...

In this article, we analyse the impact of fiscal shocks on the Indian economy using structural vector auto-regression (SVAR) methodology. The study uses quarterly data for the period 1997Q1–2009Q2. Two different identification schemes have been used to assess the effects of shocks on...

The study applied recent advances in propensity score matching methods to assess the impact of microfinance on household income and savings. Results suggest that overall programme participants’ benefit incidence is indeed pro-poor. With respect to both household per capita income and...