We empirically investigate the effects of market structure on profitability and stability for 1929 banks in 40 emerging and advanced economies over 1999–2008 by incorporating the traditional structure-conduct-performance (SCP) and relative-market-power (RMP) hypotheses. We observe that a greater market share leads to higher bank profitability being biased toward the RMP hypothesis in advanced e...

Both researchers and practitioners have paid considerable attention to the significant role of new ventures (that is, firms younger than eight years) in the global economy (Oviatt & McDougall, 1994; Zahra, Ireland & Hitt, 2000). The increasing growth of new ventures has not only added more products and services to the market and stimulated market competition, but also provided more employment o...

THE IMPACT: DEVELOPED VS. EMERGING ECONOMIES Developed economies already benefi t from a bewildering array of computational infrastructure, which is being progressively integrated into work and recreational activities. The same technologies let corporations operate globally and produce cost-effective products and services. Kofi Annan, in his 2002 address to the United Nations, observed: “The ne...

This article offers a novel critique of the impact of institutions on the propensity to patent across countries. Patenting policy is regularly known to carry deep-rooted institutional implications. Yet in the case of developing countries, the United Nations constructed only loose policy concerning the role of the government, the business sector or Multi-National Enterprises in promoting patenti...

Trading blocs realize the strategic importance of and threats from emerging infections, particularly those related to travel and food. Like the European Union, the Asia Pacific Economic Cooperation (APEC) is undertaking an initiative in emerging infections. The APEC Emerging Infections Network project builds on an existing Internet-based educational network (APEC EduNet), created to help link A...

Modern monetary policy theory and practice have been heavily influenced by the experiences of developed countries, both large and small. A number of these ideas have also made their way into policymaking at central banks in emerging economies, mostly due to the absence of local intellectual alternatives. However, the realities of emerging economies are often at odds with the circumstances of de...

Article history: Received 24 June 2010 Received in revised form 17 January 2012 Accepted 19 January 2012 Available online 27 January 2012 We build a panel of 14 emerging economies to estimate the magnitude of wealth effects on consumption. Usingmodern econometric techniques and quarterly data,we show that: (i)wealth effects are statistically significant and relatively large inmagnitude; (ii) st...

This working paper is produced for discussion purpose only. These working papers are expected to be published in due course, in revised form, and should not be quoted or cited without the author's written permission. I am grateful without implication to Tiantian Zhang (PhD candidate Cardiff University) and Momna Saeed (SBP) for able research assistance in the production of this paper. 2 1. Intr...