In this paper, we look at the GATT/WTO framework and examine the extent to which it has served the interests of the developing countries. The scope of WTO is much broader than that of the GATT. The WTO covers a number of areas which were outside the purview of the GATT. Our survey indicates that...

This paper examines the relationship between the growth rates of household saving, public saving, corporate saving and economic growth in India using multivariate Granger causality tests. The conventional wisdom suggests that the causality flows from saving to economic growth. We show that the...

This paper looks at the relationship between patents and economic growth in Japan and South Korea using both individual country and panel data. For the econometric estimation, we use annual data for 1963-2005. For Japan, we find that the logarithms of real GDP and the number of patents are...

This paper looks at the relationship between output variability and economic growth in Australia using the ARCH-M model. Quarterly data for growth rates of industrial production and of GDP are used for the analyses. However, the growth of GDP does not show any ARCH effects. The variability is...

Maizels hypothesizes that export provides more boosts for saving than the non‐export part of GDP. We use recent time series techniques of unit root and cointegration to test the Maizels' hypothesis for nine Latin American countries. Cointegrated vectors and OLS estimates in first differences...

We study the relationship between the saving and investment rates for 20 African countries using a long period of data. A high correlation between saving and investment is often taken as evidence of capital immobility. We use the new Ng-Perron unit root tests to examine the stationarity of...

Just as friendly arguments based on an ignorance of facts eventually led to the creation of the definitive Guinness Book of World Records, any argument about university rankings has seemingly been a problem without a solution. To state the obvious, alternative rankings methodologies can and do...