As the subject of how economic development affects the quality of the natural environment has gained great momentum, this paper focuses on examining the extent to which the openness of a market economy and the quality of the institution affect environmental performance. The majority of the current studies focus on the Environmental Kuznets Curve and the level of economic growth. This paper addr...

This paper presents an integrated view of economic growth, development traps, and economic geography. We explain why there is income convergence among some countries (neoclassical regime) and income divergence among others (poverty trap regime). Income convergence (divergence) and manufacturing industry di¤usion (agglomeration) are re-enforcing each other in a cumulative process. Moreover, trad...

This article makes an attempt to compare the development patterns of the economies of the East Asian and Central and Eastern European (CEE) regions, which have been the fastest in catching up on the global arena. It observes both the internal features of the economies and economic policies and the parameters characterising their relation with the international background (openness, integration)...

Purpose – Since the 1960s, the affluent democracies have experienced substantial changes in earnings inequality at the same time as heightening economic globalization. This paper investigates the relationship between these two processes. Methodology/Approach – I use fixed-effects models, and comprehensive measures of globalization and earnings inequality to scrutinize the relationship between t...

This paper marks the first attempt at examining the growth performance across Indian states for the 2000s, a period also marked by the global financial crisis. We report four key findings. First, consistent with the fact that the 2000s was the best ever decade for Indian macroeconomic performance, growth increased across almost all major states in 2001–09 compared to 1993–2001. Second, neverthe...

Foreign direct investment has contributed significantly to Chinese economic development. Yet the geographic distribution of FDI is quite uneven. Compared with the inward FDI in the eastern and mid regions of China, the Western region has attracted less FDI. FDI is fuelling much of the rapid economic leap of the developed regions of China and the significant inequity grows further. There are man...

Boschen and Weise (Journal of Money, Credit and Banking, 2003) model the probability of a large upturn in in‡ation. We extend their work to show that openness to trade exerts a negative e¤ect on the probability of such an event. Keywords: In‡ation starts, trade openness. JEL classi…cation: E31, F41.

Growth, Inequality and Poverty Relationships This paper examines the causal relationship between inequality and a number of macroeconomic variables frequently found in the inequality and growth literature. These include growth, openness, wages, and liberalisation. We review the existing cross-country empirical evidence on the effects of inequality on growth and the extent to which the poorest i...

Pakistan introduced a package of economic reforms consisting of liberalization, deregulation and privatization policies. The main focus of these reforms was on achieving macroeconomic stability and a reasonable rate of economic growth. Manufacturing sector is an important sector of the economy of Pakistan and contributes about 25% share in GDP. Agro-based industries have a special importance in...