Past and contemporary research has examined the relationship between military spending and economic growth and has reported mixed results. These conflicting findings are perhaps due to the methodologies employed. Consequently, this study employs a simple, parsimonious New Growth model to...

The purpose of this study is to examine the Lebanese apple industry from a strategic macromanagement perspective. It employs the Industry Value Chain (IVC) framework, along with Porter's Five Forces of rivalry as a methodology to enable the formulation of a matrix model comprising grand and...

The purpose of this study is to examine the Lebanese apple industry from a strategic macromanagement perspective. It employs the Industry Value Chain (IVC) framework, along with Porter's Five Forces of rivalry as a methodology to enable the formulation of a matrix model comprising grand and...

This paper revisits Mehanna’s (2004) assessment of the viability of the future project of the Gulf Monetary Union (a goal set for 2010) while examining member countries over three time periods: (1) 1990-1999; (2) 2000-2006; and (3) average period 1990-2006. It follows the theory of Optimum Currency...

Unlike previous studies on the North American Free Trade Agreement (NAFTA), which examined either trade or income effects by using forecasted trade values, this paper investigates the impact of NAFTA on both bilateral trade and income of each member country - US, Canada, and Mexico - by using...

This paper is an attempt to study the role that stable economic, financial, and political environments play in economic growth. It employs a modified version of the new growth model as developed by Barro (1997) in a sample of 80 developing countries. Unlike previous studies, the paper...

This empirical study investigates the relationship between local fiscal decentralisation and economic development among all US states from 1977 through 1997 by employing a vector autoregression (VAR) model. While past literature focused on a one way relationship between fiscal decentralisation...

There is a growing consensus across political circles in several developed countries and among donor agencies that democracy is an essential prerequisite for economic development. Empirical evidence, however, is inconclusive regarding the direction and the existence of the relationship between...

This paper explores the impact of religion (Islam), culture, and political freedom on bilateral trade flows by employing an augmented version of the gravity model. A stratified global sample of thirty-three countries for the period 1996-99 is selected. Unlike past studies that used gravity...