If there are benefits to international risk sharing, consumption growth variability should decrease following the liberalization of the equity market. In addition, markets with open equity markets should display lower consumption growth variability than closed markets, everything else equal. However, the recent literature on financial liberalization suggests that volatile capital flows lead to ...

In this study, we investigated the biochemical mechanisms of agonist action at the G protein-coupled D2 dopamine receptor expressed in Chinese hamster ovary cells. Stimulation of guanosine 5'-O-(3-[35S]thio)triphosphate ([35S]GTPgammaS) binding by full and partial agonists was determined at different concentrations of [35S]GTPgammaS (0.1 and 10 nM) and in the presence of different concentration...

The main aim of this article is to explore determinants of life expectancy at birth among 28 European Union countries. Selected variables namely, gross domestic product (GDP) growth rate, population growth rate, level of education attained, education enrolment, GDP per capita and life expectancy have been considered for abovementioned countries in the period from 2001 to 2011 on a yearly basis ...

While the incidence of extreme poverty fell dramatically in China over 1980–2001, progress was uneven over time and across provinces. Rural areas accounted for the bulk of the gains to the poor, though migration to urban areas helped. Rural economic growth was far more important to national poverty reduction than urban economic growth; agriculture played a far more important role than the secon...

Recent literature argues that stock market liberalisation has positive longand short-run effects on macroeconomic growth and private investment, respectively. However, given a sample of up to 64 countries from 1981 through 1998, positive results for long-run growth are largely dependent on the inclusion of higher-income countries in regression samples, which limits the relevance for lower-incom...

Development debates have been greatly influenced by the growth consensus: the conventional wisdom that economic growth should be the primary priority for less-developed countries (LDCs) because it most effectively improves the well-being of the world’s poor. We compare the impact of growth to other independent variables in an unbalanced panel analysis of up to 109 LDCs and 580 observations acro...

This paper uses Johansen multivariate cointegration analysis to examine the relationship between health and GDP for thirteen OECD countries over the last two centuries, for relationship between life expectancy and both total GDP and GDP per capita was found for all of the countries estimated. The relationships have a significant influence on both total GDP and GPD per capita in most of the coun...

D uring the last 30 years, the fi nancial services sector has grown enormously. This growth is apparent whether one measures the fi nancial sector by its share of GDP, by the quantity of fi nancial assets, by employment, or by average wages. At its peak in 2006, the fi nancial services sector contributed 8.3 percent to US GDP, compared to 4.9 percent in 1980 and 2.8 percent in 1950. The contrib...