Trade Liberalisation in developing countries over the last 20 years has often been implemented considering it as a pre-requisite to growth. This paper uses ARDL approach to cointegration and examines the relationships between growth and trade liberalisation in the context of India and Korea....

In a sample of sixty less developed countries, the present study observes that the regulation of competition in the production sector has a favourable effect on the growth of aggregate output, manufacturing value-added and fixed capital formation. The regulation of competition in the banking...

This paper analyses a detailed dataset on various aspects of institutions relating to functioning of (a) political institutions and civil society, (b) market for goods and services, (c) capital market, and (d) labour market. Examining the correlations within and across these major aspects of...

This paper analyses the relationship between financial development (as measured by expansion of domestic credit to private sector relative to GDP) and growth for a sample of 65 less developed countries over a long period, 1980-2006. Using causality tests at various lag-orders we find a strong...