We can divide the humanity into 5,000 ethnic groups who reside in 160 distinct states in the world. On an average this implies that only one randomly picked state out of every 10 states is ethnically homogenous. In other words the borders between different ethnic groups do not accord with...

The fragmentation can either lead to an all-out civil war as in Sri Lanka or a frozen conflict as in Georgia. One of the main characteristics of fragmentation is the control of group members by their respective leaders. The chapter applies standard models of non-cooperative game theory to...

By so doing the current research manuscript will offer a series of new insights into the problems and prospects of war, peace and conflicts. In order to shed new lights on the pressing issues related to peace, we will approach the problem and prospects of war and peace from new angles and...

An important issue in the study of economic development is that it examines how participatory democracy influences the efficiency and the equity associated with the utilisation of economic resources. The main research agenda in this context pivots on the question of whether and to what extent...

In the present study, we propose a simple test approach based on the work of Breitung and Candelon (2006), which allows us to test for asymmetric predictability at a pre-specified frequency. The test approach can also be used to test for causality in cointegrated systems, as illustrated by...

We investigate the asymmetric impacts of the COVID-19 infodemic, announcements of government interventions, and the equity market volatility (fear gauge) on the US weekly economic activity index (WEI) during COVID-19 by segregating the ‘good news’ from the ‘bad news.’ We apply the NARDL...

The tendency for nations to move toward implementing independent and conservative central bankers has gained momentum over the past two decades. This trend continues despite the fact that the benefits of central bank independence (CBI) are highly contested among economists. The ability of a...

Public employment in India is often viewed as a source of job security. Hence, public employment seems to propel human security in India away from poverty and social exclusion. In the recent work, a significant attention has been accorded to understand how globalisation has impacted on job...

This chapter seeks to assess if there is any evidence that overseas development assistance (ODA), through its influence upon the climate-resilient grants and development grants, has impacted Fiji's developmental goals and climate resilience as a Small Island Development State (SIDS). To broaden...

We develop an interactive framework to model speculation (over regulation) and regulation (of speculation) in a greenhouse gas (GHG) permits market. In our proposed model, big traders engage in speculation by strategically withholding and releasing permits to influence the temporal path of...