This study examines the relationship between savings and investment for 26 transition economies using a panel data set covering the 1991 to 2002 period. Estimates of the saving coefficient based on cross-sectional, fixed-effect, random-effect and mean-group estimators range from 0.263 to 0.315,...

This paper estimates the long-run demand for money in Romania using monthly data from January 1994 to August 2003. The Johansen-Juselius cointegration procedure provides evidence of one cointegrating vector for both narrowly and broadly defined money demand functions. Real money balances are not...

The long-run relation and short-run dynamics of fiscal policy and current account is examined using time-series data on four East Asian economies -- South Korea, Malaysia, Singapore and Thailand. The purpose of the study is to test the validity of two alternative views on budget deficits -- the...

Overall country ratings on economic freedom by Fraser Institute and Heritage Foundation, which are probably the two most widely-used sources, are compared. Numerous cases of huge differences between country ranks for the two sets of ratings are noted. A simple illustration shows that inferences...

There is enormous literature on the determinants of consumption of cigarettes and other tobacco products, and on the magnitude of the impact of a wide variety of economic and noneconomic factors. Also, a huge amount of research has been done on the association between income inequality and...

New data on poverty released by World Bank in March 2012 are used to provide estimates of income (growth) elasticity of poverty for 2005--2008 and to compare these with two earlier periods. Five points are noted. First, there is a big drop in the overall elasticity for developing countries for...