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Articles 1 - 30 of 45
Full-Text Articles in Macroeconomics
The Power Of The Brics In World Trade And Growth, Analysing The Macroeconomic Impacts Within And Across The Bloc, Ahmed Khalid
The Power Of The Brics In World Trade And Growth, Analysing The Macroeconomic Impacts Within And Across The Bloc, Ahmed Khalid
Ahmed Khalid
Extract: The BRICS is a composition of five emerging economies: Brazil, Russia, India, China and South Africa. The five countries together represent about 42 per cent of the world's population, over 24 per cent of all land, and about 20 per cent of the world's total GDP, contributing a combined nominal GDP of more than US$14.9 trillion. Over the past decade trade between the BRICS and other regions such as North America, the EU and Japan has surpassed the US$2 trillion mark. Trade within the BRICS countries is growing at an average of 28 per cent per annum, reaching more …
Subsidizing Non-Polluting Goods Vs. Taxing Polluting Goods For Pollution Reduction, Robert S. Main
Subsidizing Non-Polluting Goods Vs. Taxing Polluting Goods For Pollution Reduction, Robert S. Main
Robert S. Main
Pigovian taxes on polluters are politically unpopular, but subsidies for non-polluting sources are politically attractive. This paper presents a linear demand and supply model and numerical example to explore the trade-offs between taxing polluting sources of a good versus subsidizing non-polluting sources of the same good. While the model (along with the associated numerical example) shows the optimality of Pigovian taxes, it also shows how much welfare is reduced if subsidies for nonpolluters are employed instead. Further, it shows the optimal tax, given any level of subsidy and the optimal subsidy, given any level of tax.
Monetary Integration And Optimum Currency Area In Asean+3: What We Need For A New Framework?, Reza Moosavi Mohseni Dr., Azali Mohammed Prof.
Monetary Integration And Optimum Currency Area In Asean+3: What We Need For A New Framework?, Reza Moosavi Mohseni Dr., Azali Mohammed Prof.
Reza Moosavi Mohseni
In this paper at first we investigate the viability of creating an optimum currency area (OCA) in the East Asia. The results of a ten-variable VAR model show that forming an OCA for all of the countries in the region is costly and difficult to sustain. But at first five countries called Japan, China, Korea, Malaysia, and the Philippine with symmetric supply shocks can create the OCA. The findings also show that both dollar and yen can be suitable anchor for these countries, but with the exception of Indonesia all other countries are better potential clients of dollar. The final …
Beyond Deterrence And Decline Towards A General Understanding Of Peace Economics, Raul Caruso
Beyond Deterrence And Decline Towards A General Understanding Of Peace Economics, Raul Caruso
Raul Caruso
The aim of this short article is to provide elements for a general discussion on peace economics and its potential contribution to economics and economic policy. I first present a discussion on deterrence equilibria and consequent allocation of resources. Eventually I expound five economic channels through which military expenditures turn to be detrimental for economic development. Finally some elements to build a framework for a peaceful economic policy are presented.
Deposit Insurance And Private Capital Inflows: Further Evidence, John Thornton, Yener Altunbaş
Deposit Insurance And Private Capital Inflows: Further Evidence, John Thornton, Yener Altunbaş
John Thornton
We use a simple differences-in-differences technique to exam- ine whether adopting explicit deposit insurance impacts on the scale of private capital inflows to developing economies. We present evidence suggesting that these inflows improved more in countries that adopted deposit insurance than in countries that did not adopt it.
Why Over-Financialization In The Eurozone Periphery Was Inevitable: A Crisis Of Flawed Legislation And Competitive Imbalances, Maximilian Bevan
Why Over-Financialization In The Eurozone Periphery Was Inevitable: A Crisis Of Flawed Legislation And Competitive Imbalances, Maximilian Bevan
Maximilian Bevan
Over the past three years, the heads of state in the Euro area have argued over the proper monetary mechanisms to alleviate the protracted European debt crisis. This paper illuminates the often-overlooked aspects of this crisis – the fundamental failures of the monetary union from its inception. It expands the scope of analysis on the Eurozone crisis by addressing the over-financialization in the Eurozone periphery (Greece, Portugal, and Spain) within a political-economy framework. It explicates the direct relationship between the political manipulations of the legislation by Germany (analyzed from a public choice perspective) and the resulting economic consequences that the …
European Press Conference For The Launch Of The Un World Economic Situation And Prospects 2013, Robert C. Shelburne
European Press Conference For The Launch Of The Un World Economic Situation And Prospects 2013, Robert C. Shelburne
Robert C. Shelburne
Press conference for the European launch of the United Nations' World Economic Situation and Prospects, 2013
Cointegration Analysis Of Exports And Imports: The Case Of Pakistan Economy, Sharafat Ali
Cointegration Analysis Of Exports And Imports: The Case Of Pakistan Economy, Sharafat Ali
Sharafat Ali
No abstract provided.
Ma Thesis - Migration And Development: The Development Impacts Of Short-Term Labour Migration Of Ni-Vanuatu Workers To New Zealand, Ronald R. Kumar
Ma Thesis - Migration And Development: The Development Impacts Of Short-Term Labour Migration Of Ni-Vanuatu Workers To New Zealand, Ronald R. Kumar
Dr Ronald R Kumar
The New Zealand’s Recognised Seasonal Employer (RSE) scheme is a New Zealand Government initiative that officially commenced in 2007. In this programme, five developing Pacific Island countries (PICs), namely Kiribati, Samoa, Solomon Islands, Tonga, and Vanuatu – referred to as the kick start countries, participated in short-term labour migration. The objectives of this Scheme are at least two fold. Firstly, the scheme was initiated to address seasonal labour shortage in New Zealand and second, to give employment opportunity to selected PICs. Since 2007, the RSE Scheme has undergone significant changes primarily addressing issues and concerns that emerged along the way. …
Human Capital Formation And Economic Development In Pakistan: An Empirical Analysis, Muhammad Irfan Chani, Mahboob Ul Hassan, Muhammad Shahid
Human Capital Formation And Economic Development In Pakistan: An Empirical Analysis, Muhammad Irfan Chani, Mahboob Ul Hassan, Muhammad Shahid
Muhammad Irfan Chani
This study investigates the casual relationship between economic development and formation of human capital in Pakistan. Based on endogenous growth theory, this study empirically tests the standard growth model consisting of gross domestic product (GDP) per capita as a dependent variable and human capital formation, investment in physical capital and labor force as independent variables. Autoregressive distributive lag (ARDL) bound testing approach to cointegration is used to check the long-run equilibrium relationship between the variables included in the model. For checking the causal relationship between economic development and human capital formation, pair-wise Granger causality test is used for time series …
Some Socio Economic Determinants Of Fertility In Pakistan: An Empirical Analysis, Muhammad Irfan Chani, Muhammad Shahid, Mahboob Ul Hassan
Some Socio Economic Determinants Of Fertility In Pakistan: An Empirical Analysis, Muhammad Irfan Chani, Muhammad Shahid, Mahboob Ul Hassan
Muhammad Irfan Chani
This study aims to investigate the role that various socioeconomic factors like female education, urbanization and female labour force participation play in determining fertility of women in Pakistan. ARDL bound test approach to cointegration is used to analyze the long-run relationship of the variables by using the data for the period from 1980 to 2009. The empirical results show that there exists a long-run as well as short-run relationship between fertility and urbanization, female labour force participation and female education in Pakistan. The analysis indicates there is a negative relationship between all 3 determinants with fertility. Female education and urbanization …
Exploring Sectoral Elasticity Vis-À-Vis Per Worker Income With A Focus To Agriculture: A Study Of Sub-Saharan Africa, Ronald R. Kumar, Radika Kumar
Exploring Sectoral Elasticity Vis-À-Vis Per Worker Income With A Focus To Agriculture: A Study Of Sub-Saharan Africa, Ronald R. Kumar, Radika Kumar
Dr Ronald R Kumar
No abstract provided.
An Analysis Of Different Approaches To Women Empowerment: A Case Study Of Pakistan, Amatul R. Chaudhary, Muhammad Irfan Chani, Zahid Pervaiz
An Analysis Of Different Approaches To Women Empowerment: A Case Study Of Pakistan, Amatul R. Chaudhary, Muhammad Irfan Chani, Zahid Pervaiz
Muhammad Irfan Chani
Understanding The Legitimacy Of Both Dissension And Acceptance Of Accommodative Monetary Policy, Maximilian Bevan
Understanding The Legitimacy Of Both Dissension And Acceptance Of Accommodative Monetary Policy, Maximilian Bevan
Maximilian Bevan
No abstract provided.
Exploring The Nexus Between Trade, Visitor Arrivals, Remittances And Income In The Pacific: A Study Of Vanuatu, Ronald R. Kumar, Vijay Naidu, Radika Kumar
Exploring The Nexus Between Trade, Visitor Arrivals, Remittances And Income In The Pacific: A Study Of Vanuatu, Ronald R. Kumar, Vijay Naidu, Radika Kumar
Dr Ronald R Kumar
Trade, Aid, Remittances And Financial Development: The Case Of Pakistan, Ronald Kumar
Trade, Aid, Remittances And Financial Development: The Case Of Pakistan, Ronald Kumar
Dr Ronald R Kumar
Impacts Of Social Upbringing On Family Integration In Military Life In Sudan, Professor Issam A.W. Mohamed
Impacts Of Social Upbringing On Family Integration In Military Life In Sudan, Professor Issam A.W. Mohamed
Professor Issam A.W. Mohamed
In a country on the eve of losing one third of its land, 80% of potential natural resources and 75% of external exports value, economic future seems gloomy. Many opinions were given for economic solutions after the Southern Sudan secession. However, that does not support a theoretical framework that those are the only reasons for the expected economic collapse. Our theory here is that such collapse already happened because of economic mismanagement, corruption and hoarding initiated by the calls for empowerment and carried out by the regime's members. Such acts extended to the banks, economic institutions and randomized privatization. The …
Impacts Of Formal Financing On The Development Of The Sudanese Agricultural Sector, Issam A.W. Mohamed Professor
Impacts Of Formal Financing On The Development Of The Sudanese Agricultural Sector, Issam A.W. Mohamed Professor
Professor Issam A.W. Mohamed
The agricultural sector of Sudan is faced by many problems. In the irrigated schemes, the government who officially owns most of them there are entrenched managerial problems that brewed for more than six decades. Moreover, the privatization policies of those schemes provoked many outcries and protests. Large schemes like Gezira have collapsed, this year 2011, only 10% of its over one million hectares were cultivated. The rainfed farming is not different with lack of machineries, shortages of available labor and high priced agricultural inputs, it is not expected to fare better than the irrigated schemes. However, even if those problems …
Impacts Of Sudan Macroeconomic Policy On Agriculture, Issam A.W. Mohamed Professor
Impacts Of Sudan Macroeconomic Policy On Agriculture, Issam A.W. Mohamed Professor
Professor Issam A.W. Mohamed
The crisis of Southern Sudan and eminent secession in 9 July 2011 is a nightmare to the Sudanese national economy. The dependence on oil revenue that controlled the country for the past 11 years and negligence of the other real economy's economic sectors, agriculture and industry severely threatens the country. That is not only with diminished returns but with also with economic nightmarish economic catastrophe, famine and internal implosion. Short-sightedness on utilizing the oil money that bubbled the economy atrophied the real economic sectors and disabled it from responding to secession consequences of parting with 75% of revenues from oil …
Effects Of Social Edification And Family Integration In Military Life In Sudan, Professor Issam A.W. Mohamed
Effects Of Social Edification And Family Integration In Military Life In Sudan, Professor Issam A.W. Mohamed
Professor Issam A.W. Mohamed
The Sudanese army human components are unique in its composition. That is reflected in the country's political and social life. The independence of 1956 means fifty five of turmoil and turbulences. Democratically elected governments controlled the country for only ten years while the military institution's coup de etats took the rest. This paper studies the impacts of social upbringing on the families, military or civilians in order too shed lights on why all military, seemingly are possessed by the illusion of grasping power. The military seems built into the Sudanese society in superior form, i.e., above the law. Thus if …
Challenges Of Formal Social Security Systems In Sudan, Issam A.W. Mohamed Professor
Challenges Of Formal Social Security Systems In Sudan, Issam A.W. Mohamed Professor
Professor Issam A.W. Mohamed
The present paper discusses issues of challenges of social security systems in Sudan. Following parameters advanced by ILO and UNCOSOC, those systems are analyzed. The conclusions focus on their applicability that faces axial difficulties mainly presented in the state of institutional interregnum facing the country. Moreover, it is important to revisit aspects of social cohesion that serves greater role in traditional social security in the Sudan.
Analysis Of The Impact Of Cash Out-Flow From The Banking Sector On The Sudanese Economy, Issam A.W. Mohamed Professor
Analysis Of The Impact Of Cash Out-Flow From The Banking Sector On The Sudanese Economy, Issam A.W. Mohamed Professor
Professor Issam A.W. Mohamed
Sudan as an example of LDCs the banking sector has been suffering from the problem of cash outflow over the last three decades, generating the following impacts: Loss of banking sector of its role of financial inter-mediation, cash scarcity in the banking sector, large government borrowings from unreal source of finance, thus, more inflation. The research attempts to specify the main determinants of cash outflow from the banking sector in Sudan (during the period 1972-2001). Hence, those revealing the major impacts of the cash outflow on the economic activity and rates of inflation. The research hypotheses were: (1) the Banks …
Effects Of Multicollinearity On The Estimation Of Macroeconomic Variables: Using Data From Sudan, Professor Issam A.W. Mohamed
Effects Of Multicollinearity On The Estimation Of Macroeconomic Variables: Using Data From Sudan, Professor Issam A.W. Mohamed
Professor Issam A.W. Mohamed
The problem of multicollinearity in the assessments of coefficients is well established. However, it is rarely researched in the estimations of macroeconomic variables and economic performance of developing countries. Predicatively, it has impacts on the estimations of coefficients that should be used in economic decisions, strategic planning and if researchers are more industrious estimations of monetary supplies and demands. All such parameters are very basic and essential in economic plannings and their applications should be done not only in research but in ground applications of the specialized authorities, e.g., Ministries of Finance, Central Banks, Pricing Units, etc. However, that is …
Humanitarian Aid, Internal Displacement And Social Impacts In Sudan, Professor Issam A.W. Mohamed
Humanitarian Aid, Internal Displacement And Social Impacts In Sudan, Professor Issam A.W. Mohamed
Professor Issam A.W. Mohamed
The study presented here reviews activities of NGOs in Sudan by surveying and studying the activities of Save the Children of United Kingdom. Activities of NGOs in Sudan were always a controversial issue that resulted in the expulsion of many in 2009. There were also precedents of such expulsions in previous and following years. The paper discusses humanitarian work in Sudan, positive and negative sides. The case study's activities of the Save the Children efforts in Jebel Aulia Internally Displaced People, specially their efforts in education were investigated. It is concluded that introduce invaluable help in educational field, building classes …
Exploring Sectoral Contributions To Growth In Fiji: A Focus On Agriculture Development, Ronald R. Kumar
Exploring Sectoral Contributions To Growth In Fiji: A Focus On Agriculture Development, Ronald R. Kumar
Dr Ronald R Kumar
Do Remittances, Exports And Financial Development Matter For Economic Growth? A Case Study Of Pakistan Using Bounds Approach, Ronald R. Kumar
Do Remittances, Exports And Financial Development Matter For Economic Growth? A Case Study Of Pakistan Using Bounds Approach, Ronald R. Kumar
Dr Ronald R Kumar
Research Praxis From Design To Completion: A Review Of Designing And Managing Your Research Project – Core Knowledge For Social And Health Researchers, Ronald R. Kumar
Research Praxis From Design To Completion: A Review Of Designing And Managing Your Research Project – Core Knowledge For Social And Health Researchers, Ronald R. Kumar
Dr Ronald R Kumar
Thomas and Hodges (2010) have written a very practical and indeed a valuable book on how to do research project design and management applicable to a wide readership. The book will be of particular importance to young researchers who are aspiring to hone the art of research and project management from design to completion. For the experienced, it’s a book to read and reflect on. Discussing the critical elements involved in research, Thomas and Hodges use consultative-advising-coaching, empathy-towards-researchers and experienced-based approaches to reveal important core knowledge in research as a career whilst laying out the ground rules for effective research …
Determination Of Import Demand In Pakistan: The Role Of Expenditure Components, Muhammad Irfan Chani, Zahid Pervaiz, Amatul R. Chaudhary
Determination Of Import Demand In Pakistan: The Role Of Expenditure Components, Muhammad Irfan Chani, Zahid Pervaiz, Amatul R. Chaudhary
Muhammad Irfan Chani
The paper uses imperfect substitution approach to derive the aggregate import demand function on the basis of disaggregated expenditure components. This derived import demand function is then empirically tested for Pakistan by using co-integration and error correction mechanism. The empirical results show that elasticity of import demand with respect to different macro components of final expenditure is different. The import demand in Pakistan is affected positively and significantly by all expenditure components. The relative prices have negative but insignificant relationship with import demand in Pakistan. The findings indicate that use of aggregate expenditure variable in the aggregate import demand function …
Poverty, Inflation And Economic Growth: Empirical Evidence From Pakistan, Muhammad Irfan Chani, Zahid Pervaiz, Sajjad Ahmad Jan, Amjad Ali, Amatul R. Chaudhary
Poverty, Inflation And Economic Growth: Empirical Evidence From Pakistan, Muhammad Irfan Chani, Zahid Pervaiz, Sajjad Ahmad Jan, Amjad Ali, Amatul R. Chaudhary
Muhammad Irfan Chani
This study aims to investigate the role of economic growth and inflation in explaining the prevalence of poverty in Pakistan. ARDL bound testing approach to co-integration confirms the existence of long run relationship among the variables of poverty, economic growth, inflation, investment and trade openness over the period of 1972-2008. Empirical results show that economic growth and investment have negative and inflation has positive impact on poverty. The effect of trade openness on poverty is insignificant in this study. The short run analysis reveals that economic growth has negative and inflation has positive impact on poverty whereas the role of …
Financial Crises And Economic Growth In Pakistan: A Time Series Analysis, Rauf -I- Azam, Iram Batool, Rabia Imran, Muhammad Irfan Chani, Ahmed Imran Hunjra, Javed Mahmood Jasra
Financial Crises And Economic Growth In Pakistan: A Time Series Analysis, Rauf -I- Azam, Iram Batool, Rabia Imran, Muhammad Irfan Chani, Ahmed Imran Hunjra, Javed Mahmood Jasra
Muhammad Irfan Chani
The purpose of this research is to investigate causal relationship between economic growth and major indicators of financial crisis -- inflation rate, interest rate and the volume of foreign debt-- in Pakistan. This study also highlights the stability of the relationship between indicators of financial crisis and economic growth. The annual time series data ranging from 1972 to 2010 is used for the analysis. Johansen's co-integration test is used to check the stability of long nm equilibrium relationship between the variables used in the study. The results indicate that is long nm stable equilibrium relationship between economic growth and the …