Journal of Economic Studies: Volume 41 Issue 1

Mean reversion in per capita GDP of Asian countries: Evidence from a nonlinear panel unit root test

Aviral Kumar Tiwari, K.G. Suresh

This study aims to examine the stationarity characteristics of per capita GDP of 17 Asian countries and subpanels for South Asia, East Asia, and high income Asian countries in…

Predicting with a small amount of data: an application of fuzzy reasoning to regional disparities

David Philip McArthur, Sylvia Encheva, Inge Thorsen

The aim of the paper is to propose a methodology that allows researchers and practitioners to structure a small amount of data in a way which aids understandings and allows…

Public infrastructure investment and fiscal sustainability in Latin America: incompatible goals?

Luis Carranza, Christian Daude, Angel Melguizo

This paper aims to understand the relationship in developing countries between fiscal consolidation and public investment – a flexible part of the budget that is easier to cut…

Does the formation of RTA support the neoclassical growth theory and convergence hypothesis?

A.K.M. Nurul Hossain, Mohammad Abdul Munim Joarder

The authors considered three regional trading agreements (RTAs): European Union (EU-25), ASEAN Free Trade Area (AFTA), and South Asian Free Trade Area (SAFTA) to test the…

Inflation and inflation-uncertainty in India: the policy implications of the relationship

Abdur Chowdhury

Inflation and its related uncertainty can impose costs on real economic output in any economy. This paper aims to analyze the relationship between inflation and inflation…

Are US state and local governments consumption smoothers?

Maria Cornachione Kula

– This paper aims to reconcile conflicting findings in the literature regarding the extent of consumption smoothing of sub-federal governments.

The relationship between the shares of nutrient consumed across selected food groups and income in Nigeria: A short-run demand system

Kolawole Ogundari

The aim of this study is in twofolds. First, to take a critical look at nutrient consumed and its trends and second, to examine the relationship between share of nutrient consumed…

Innovation in centralized organizations: examining evidence from Soviet Russia

Dmitriy Chulkov

– This study aims to examine the economic factors that determine innovation pattern in centralized and decentralized economies and organizations.

Kaldor-Verdoorn's law and increasing returns to scale: A comparison across developed countries

Emanuele Millemaci, Ferdinando Ofria

The aim of this study is to investigate the validity of the Kaldor-Verdoorn's law in explaining the long-run determinants of the labor productivity growth for the manufacturing…

2013 Awards for Excellence

Joshua Aizenman