The paper deals with the prospects of economic recovery and growth of Libya after the suspension of the UN sanctions. Here, the risks and chances of Libya s participation in the so-called Barcelona Process are viewed. Based on the results of a similar study for Egypt and an empirical analysis of...

This paper investigates income convergence in 20 developing countries, including Algeria, Benin, Burkina Faso, Cameroon, Chad, Cote d'Ivoire, Gabon, Gambia, Indonesia, Malaysia, Mali, Morocco, Mozambique, Niger, Nigeria, Pakistan, Senegal, Togo, Turkey, and Uganda. This paper applies a battery...

This paper assesses the impact of R&D spillovers on production, for a balanced panel of 1203 Italian manufacturing firms, over the period 1998-2003. The estimations are based on a translog production function augmented by a measure of R&D spillovers, that combines the geographical distance and...

This paper investigates the significance of market size hypothesis, skilled labor and liberalization process in determining Foreign Direct Investment (FDI) in Malaysia from 1970 to 2001. The newly developed Autoregressive Distributed Lag (ARDL) model, or bounds test proposed by Pesaran, et al....

The paper examines the short run and long run price interdependences among the Asian Pacific equity markets, in the period surrounding the Asian financial crisis. The daily data composed of value weighted equity market indexes of Malaysia, Japan, Hong Kong and Australia, for the period from...

Existing literature has delat inadequately with the casuality lissue in the ink between financial development and economic growth. The paper investigates the empirical link between financial development and economic performance for the small island developing state of Mauritius using a unique...

Asymmetry tests, which were bifurcated into deepness and steepness tests, proposed by Sichel (1993) are applied to the business cycles of 11 developing countries. These tests provide evidence of statistically significant negative deepness and steepness only for Malawi. Such asymmetry behaviors...

The paper analyzes certain crucial aspects like, effect of NAFTA (North American Free Trade Agreement) on the Mexican economy after 13-15 years of its advent and benefits enjoyed by the participants as a result of economic integration. By analyzing the effects of NAFTA, the paper attempts to...

This study addresses the determinants of the public approval rating of the US President for the period 1949-2004. Since the study seeks to identify determinants of the approval rating over the long run, annual data have been used. This model consists of variables reflecting inflation,...

In the context of interdependence of the financial markets, it becomes interesting to analyze the effects of the terrorist attacks of September 11, 2001, in USA, on the different financial markets. The paper attempts to demonstrate the occurence of a contagion effect among few important...