Capital flows are most helpful when the magnitude of those flows is steady and stable. The international capital flow such as direct and portfolio flows has huge contribution to influence the economic behavior of the countries positively. The present study attempts to explain the effects of private capital inflows (FINV) on some macro economic variables in India using the time series data betwe...

Fundamental economic conditions are crucial determinants of equity premia. However, commonly used predictors do not adequately capture the changing nature of economic conditions and hence have limited power in forecasting equity returns. To address the inadequacy, this paper constructs macro indices from large datasets and adaptively chooses optimal indices to predict stock returns. I find that...

In the political economy of development, government policy choices at a single point in time can dramatically affect a country’s development path by impacting fertility, economic and political decisions across generations. Combining both system dynamics and agent-based modeling approaches in a complex adaptive system, I formalize a simulation framework of the Politics of Fertility and Economic ...

A large economic literature discusses the implications of export sanctions for a variety of states around the world. This paper investigates the macro-level consequences of imposing oil export barriers on an oil exporting country. We employ a large real financial computable general equilibrium for Iran. The model is calibrated based on 1999 Social Accounting Matrix for the economy of Iran inc...

Democracies across the world have experienced rise of new political parties. The dominant view model (retrospective) economic voting implicitly assumes that main beneficiary electoral change is established opposition. However, parties affects how we think retrospective (economic) voting. This article presents a more nuanced picture and considers when turnover benefits opposition parties, theore...

The first is based upon the seminal work of Nobel Prize winner Larry Klein in his 1947 paper. This has two basic components. First, an essentially Keynesian system of macro-theoretical relationships. Second, fitting curves (planes) through empirical macrodata using econometric (statistical) techniques to estimate parameters for these theoretical relationships. Over the past 60 years, the models...

BACKGROUND The economic benefits of healthcare research require study so that appropriate resources can be allocated to this research, particularly in developing countries. As a first step, we performed a systematic review to identify the methods used to assess the economic impact of healthcare research, and the outcomes. METHOD An electronic search was conducted in relevant databases using a...