The US economy has become more stable. At the same time, US firms have become more volatile. I present the evidence and I propose a common explanation, based on the idea that goods markets have become more competitive. Competition between firms magnifies the effects of idiosyncratic productivity shocks: This can explain the rise in firm volatility. On the other hand, for given nominal adjustmen...

This paper explores the resilience of urban informal economy through multi-dimensional conflict. Karachi constituted an ideal case study for research given intensity and paradigmatic nature conflict experienced in city between 2008 2013. The applies a comparative frame three sites (Sadar, Orangi Lyari) to illustrate its role supporting poor survive sometimes thrive, whilst also contributing pea...

Resilient modulus of pavement materials is a key property required for the pavement thickness design. This paper describes the results of an experimental study on the effects of temperature and loading frequency on the resilient modulus of a SBS polymer modified asphalt concrete under dry and saturated conditions. Dynamic creep tests were conducted on dry and saturated specimens of the mixture ...

Modernizing China’s Growth Paradigm China has achieved tremendous economic progress in the last three decades, but there is much work to be done to make the economy resilient to large shocks, ensure the sustainability of its growth, and translate this growth into corresponding improvements in the economic welfare of its citizens. We discuss the complex challenges that Chinese policymakers face ...

China has achieved tremendous economic progress in the last three decades, but there is much work to be done to make the economy resilient to large shocks, ensure the sustainability of its growth, and translate this growth into corresponding improvements in the economic welfare of its citizens. We discuss the complex challenges that Chinese policymakers face in striking the right balance in ter...

The Blue Nile (Abay) Highlands of Ethiopia are characterized by significant interannual climate variability, complex topography and associated local climate contrasts, erosive rains and erodible soils, and intense land pressure due to an increasing population and an economy that is almost entirely dependent on smallholder, low-input agriculture. As a result, these highland zones are highly vuln...

The UK economy is overly reliant on unsustainable production and consumption 12 practices, depleting finite resources at rates that will increase production costs, business risk and 13 economic instability. This over-consumption produces emissions and waste that cause climate 14 change and environmental degradation, impacting on the wellbeing of people in the UK and 15 beyond. The Resource Reco...

Malaysia’s economic track record in development is extremely impressive by any standards. The economy has made quantum leaps in just over three decades. It is noteworthy that rapid economic growth has been accompanied by a more equitable income redistribution without significant inflationary overtones. Trade represents the life-blood of the Malaysian economy with foreign direct investments play...