india is much more integrated with the world economy. both current and capital accounts are complementing to each other. the economic slowdown that appears to have begun in the usa in september, 2008 has some negative impact on indian economy. the most immediate and adverse effect of this global financial crisis on india is an out flow of foreign institutional investment (fii) from the capital ...

In this Appendix we present additional results for our paper “Political Economy of Debt and Growth.”In Section 1 we (1) offer a discussion on the relationship to Battaglini and Coate [2008] framework; (2) discuss the relevance of our results for open economies; and (3) elaborate on how the model can be adopted for empirical analysis at high and medium frequencies. In Section 2 we present deriva...

Recognition of economic growth determinants is one of the most important concerns for economists. In the oil exporting countries oil revenues play a significant role for the economy alongside with other economic growth determinants. This paper attempts to investigate the role of oil in selected oil-revenue dependent economies. Since oil revenue goes directly to public treasury and is expended b...

In the past, the energy planners through setting the desired level of economic growth simply used this figure as a base to which additional increases were made, dependent on changing population and supply conditions. Planning proceeded from the national, macroeconomic position, to the aggregate, sectoral and finally project levels. Such process was a virtual oneway linkage from economic growth ...

How do material norms and aspirations on which individual judgments of well-being are based affect the growth dynamics of an economy? Do economies that weigh very highly of these norms grow differently from those economies that values these norms differently? This paper attempts to answer these questions by building a growth model, where individual not only care for its consumption but also eva...

The purpose of this study is to answer the research question, “How do we conquer the growth limits of capitalism?” Based on existing studies on growth limits of capitalism by Marx and Schumpeter as well as the recent discussions of Drucker, Rifkin, and Piketty, the dynamic model of an open innovation economy system (OIES) is proposed as an answer to this research question. OIES consists of an o...

This paper attempts to analyse the total factor productivity (TFP) growth rate in Malaysia during 1971 – 2004 and to discuss factors that determine TFP growth. Data envelopment analysis (DEA) approach is used to estimate the changes in the production frontier. The Malmquist productivity index has decomposed total factor productivity into technological change (TECHCH) and technical efficiency ch...