Purpose – The main purpose of this paper is to understand the impact on the United Arab Emirates (UAE) economy of the objective of reducing its dependence on oil, trying to achieve the Gulf Cooperation Council (GCC) fiscal convergence criterion and the inevitable depletion of oil resources....

This study constructs a macroeconometric model to analyse the problems of regions that exhibit dependence on nonrenewable resources (e.g. oil). The role of the oil sector in the UAE and the extent to which it subsidizes the rest of the economy is evaluated. The macroeconometric model constructed...

This article examines decentralization in the state of Maharashtra in India, especially with respect to the functioning of its urban local governments. Using panel data, the article specifically investigates the flypaper effect of grants from the state government to urban local bodies. It also...

This paper is concerned with estimating growth regressions for a panel of 104 countries with data spread over a 24-year period. The paper employs panel data estimation techniques. An important concern is whether growth regressions estimated for a large group can be replicated for smaller...

This article is concerned with estimating hedonic price equations for cricketers. The 2008 auction in India for cricketers to play in the Indian Premier League (IPL) of Twenty20 cricket has revealed the bids made for 75 players. Using the information on the bids, the author has estimated hedonic...