Potential new entrants to the European Union from Central and Eastern European countries face many challenges to achieve financial convergence with the existing EU nations. Using detailed case studies from Bulgaria, the Czech Republic, Latvia, Lithuania and Poland and analysis of cross country...

The paper uses a gravity trade model to examine the impact of corruption on bilateral trade using a data set comprising OECD economies, new EU members and developing nations. Although the level of corruption of both the importing and exporting nations does hinder cross-border transactions,...

This paper presents a new model of the British economy in the interwar period. The model is used for counterfactual simulations which are designed to shed light on major controversies over economic policy. In this way the claim made by Henderson and Keynes that expenditure on public works could...

The study focuses on the empirical modelling of the major determinants of imports demand of Bangladesh using annual data. We, not only, critically examine the determinants of imports demand following conventional wisdom but have taken into account some plausible new determinants like foreign...

We use panel data for fourteen Indian states to assess the influence of public infrastructure on industrial activity, namely productivity, employment, real wages and investment, at the state level and over the period 1974-1998. Our results indicate that the length of national highways has on...

This paper evaluates the effects of preferential agreements on trade between trade group members and non-members using a static and a dynamic gravity model. The gravity model is estimated using recent panel data techniques which account for the endogeneity of the integration effects and the...