Motivated by Feder’s two-sector model concerning exports and growth, this article intends to propose a dynamic framework, which bases on the production function theory and consists of two versions of the two-sector (the financial sector and the real sector) model, for analyzing the interrelation between financial development and economic growth in terms of intersectoral externalities. The appro...

We show real effects in the banking sector that emanate from transparency in the industrial sector. Transparent financial reporting by industrial firms facilitates access to arm’s-length financing from capital markets and diminishes these firms’ reliance on banks. Banks, as a result, face increased competition in their product markets and seek to offset their lost rents by – (i) taking on more ...

This paper uses aggregate-level data, as well as casestudies, to trace out the evolution of some key structural features of the Indian economy, relating both to the agricultural and the informal industrial sector. These aggregate trends are used to infer: (a) the dominant relations of production under which the vast majority of the Indian working people labour, and (b) the predominant ways in w...

Since the adoption of the doi moi or renovation policy in 1986, Vietnam has been undergoing a transition from central planning to a socialist market oriented economy. This has translated into strong economic growth, led by the industrial sector which has expanded at more than 13% per annum over the period 1993-97. There is a concern, however, among policymakers in Vietnam that employment growth...

This paper addresses the inbound containers scheduling problem for automated sorter systems in two different industrial sectors: parcel & postal sorting and baggage handling. We build on existing literature, particularly on the dynamic load balancing algorithm designed for the parcel hub scheduling problem, and adapt the existing algorithm to include travel times on sorters. Then, we show how t...

Abstract—Based on Business and Consumer Survey (BCS) data, the European Commission (EC) regularly publishes the monthly Economic Sentiment Indicator (ESI) for each EU member state. ESI is conceptualized as a leading indicator, aimed ad tracking the overall economic activity. In calculating ESI, the EC employs arbitrarily chosen weights on 15 BCS response balances. This paper raises the predicti...

Under the Rio Declaration and Agenda 21 from the United Nations Conference on Environment and Development in 1992 as well as other international agreements, Thailand is currently in the process of adopting the Pollutant Release and Transfer Register (PRTR) through a pilot project in Rayong province with assistance from the Japan International Cooperation Agency (JICA). This research aimed to st...