Involvement of higher proportion of economically active population in agriculture and laboring among the Occupational caste resulted into higher incidence of poverty, which is also severer and deeper. This resulted into as high as 71% incidence of poverty in Banjhkateri, purely remote village....

This paper critically examines the dynamic interaction between monetary policy tools in stimulating economic growth, as well as stabilizing the economy from external shocks in Nigeria. The paper considered key monetary time series variables and real growth of output in formulating Vector...

Iranian government budget on military over the last decade has been higher than the average of the world. The current increasing international sanctions aim to reduce the military capabilities and capacities of the Iranian government. In this study, we analyze the response of the Iranian economy...

This paper describes the main features of the economy of Antioquia during the second half of the 19th century. It tries to identify if it followed a local economic development model. In addition to a novel reinterpretation of the economic takeoff of Antioquia, based on recent sources collected,...

This paper primarily aims to capture the changing patterns of consumption expenditure of three broad classes, namely, the ‘upper’ ‘middle’ and ‘bottom’ classes in the rural and urban India. In contrast to what is generally held that differences in consumption of necessaries across...

This paper responds to the development policy debate involving the World Bank and the IMF on the use of fiscal policy not only for economic stabilization but also to promote economic growth and increase per capita income. A key issue in this debate relates to the effect of the composition of...

This paper uses time-series data from nineteen Latin American countries and the U.S. to test for income convergence using two existing definitions of convergence and a new testable definition of β-convergence. Only Dominican Republic and Paraguay were found to pair-wise converge according to...

We bridge together the graph-theoretic and the econometric approach for defining causality in statistical models to consider model misspecification problems. By presenting a solution to disagreements between the existing frameworks, we build a causal framework that allows us to express causal...

Tunisia is considered one of the best performing countries in terms of economic growth among countries in the Middle East and North Africa. During the past 30 years, this growth was 5% on average. At the same time, the country has opted very early for a very pronounced policy of opening to the...

This paper investigates the long-run and short-run relationships between energy consumption and economic growth in Australia using the bound testing and the ARDL approach. For the first time in the literature we employ both production and demand side models and a unified model comprising both...