Thirlwall's hypothesis of balance of payments constrained growth has been widely tested for developed countries, but much less for developing countries. Further, previous tests have used dated estimates derived using non-robust econometric techniques. After discussing the conditions under which...

This paper critically re-examines the restructuring of public services. Four main decision-making phases are identified: the public oversight to be guaranteed to socially sensitive economic activities; the ways of financing them; the economic organisation of the industry; and the production...

Numerous studies have estimated demand for military expenditure in terms of economic, political and strategic variables. Ten years after the end of the Cold War, this paper attempts to ascertain if the new strategic environment has changed the pattern of determinants, by estimating cross-country...

This paper argues that regional economic integration can be compatible with concern for the environment in rapidly industrializing parts of the developing world, but that this compatibility would be aided by reconceptualizing the collective decision-making process in regional economic...

While Bangladesh remains steeped in staggering external debt, it is also concurrently witnessing a substantial outflow of domestic capital. This situation raises serious policy concerns for its development prospects. This paper applies the Bounds testing and the Autoregressive Distributed Lag...