: About 20 years ago, van der Ploeg analyzed the implications of the J-curve effect for the political business cycle in a small open economy (van der Ploeg, 1989a). It was then shown that a sudden jump in the exchange rates on the election day should be observed if the government, in order to...

: This paper presents new evidence concerning the relationship between relative factor endowments, productivity and specialization. Using a recently developed dynamic panel data fixed effects estimator, the study evaluates the effect of factor endowments in comparison to the effect of...

: Malaysia s rapid economic growth has given rise to the realization of distributional objectives for achieving its ultimate goal of national unity. Reducing poverty and income disparities among races, income groups and regions is continuously emphasized by the Government of Malaysia in the...

: The present paper tests the projected convergence pattern of per capita GDP of Brazil, Russia, India and China (also known as the BRIC economies) using a comparatively new technique, the fuzzy clustering algorithm. The analysis, based on Goldman Sachs annual report of 2003, shows that by the...

: The present world economy has, increasingly, been interconnected in terms of small units such as industries, regions and national economies as discontinuous systems. Changes in these systems have varied impact across the world economies. This paper tries to trace out various triggers, trails...

: This paper estimates the relationships between alternative measures of US defense spending and economic growth and government spending growth. The estimated relationships are derived from a plausible partial adjustment model that is based on the common practice of multi-year defense...

: This paper explores India s export potential to the six-member countries of Gulf Cooperation Council (GCC) with which a Free Trade Agreement (FTA) is currently under negotiation. Augmented gravity model is used to analyze India s export flows, and the coefficients thus obtained are...

: The paper uses annual time series data to estimate the price and income elasticities of export demand for three developing countries Fiji, Papua New Guinea (PNG) and Bangladesh. The LSE-Hendry s general-to-specific approach (known as GETS) is employed by using correct specifications of...

: This study employs panel data analysis to examine the relationship between exports and economic growth in five ASEAN (Association of South East Asian Nations) countries (i.e., Malaysia, Indonesia, the Philippines, Singapore and Thailand). Three separate methods have been used: (1) Pooled...

: In the aftermath of the Asian financial crisis, there was widespread concern among the Asian economies that this could potentially have resulted in persistent inflation with volatile money demand in the region. By employing multivariate cointegration methodology, this paper examines the...