capital market is one of the most important sectors of every economy. economic growth can lead to capital market boom and development, on the other hand, achieving desired economic growth and development is impossible without efficient financial institution and suitable funding resources. in this study the relationship between financial development and economic growth in opec countries and non-...

Investment has been found to be a significant determinant of growth. This paper analyses the effects of institutions and transition progress on investment rates of transition economies since the collapse of the Socialist Bloc. Political institution is measured by the Freedom House’s Political Rights and Civil Liberties indexes; economic institution is proxied by the Index of Economic Freedom co...

Borders are a man made institution, and as such their shape cannot be taken as part of the physical landscape. The size of countries is endogenous to politico economic forces. This paper discusses recent efforts by economists to study three related question: what determines the evolution of the size of countries? Does size matter for economic success? Given the trend toward decentralization and...

Borders are a man-made institution, and as such their shape cannot be taken as part of the physical landscape. The size of countries is endogenous to politico-economic forces. This paper discusses recent efforts by economists to study three related questions: What determines the evolution of the size of countries? Does size matter for economic success? Given the trend toward decentralization an...

*We would like to thank Bengt Holmstrom, Jozsef Sakovics, and Jonathan Thomas for helpful conversations. We acknowledge financial support from the U.S. National Science Foundation through the National Bureau of Economic Research; the Leverhulme Trust; and the U.K. Economic and Social Research Council. This paper was written while the first author was on sabbatical at the London School of Econom...

Locke argues that the consent of market participants to the introduction of money justifies the economic inequalities resulting from monetarization. This paper shows that Locke’s argument fails to justify such inequalities. My critique proceeds in two parts. Regarding the consequences of the consent to money, neo-Lockeans wrongly take consent to justify inequalities in the original appropriatio...

This Research Programme is curerntly funded by the ESRC (Project Number R000236776Social exclusion or flexible adaptation coal districts in a period of economic transformation) and the Joseph Rowntree Foundation (Project Number 150233 – Rural Areas Learning from the Coalfields? Economic Regeneration, Social Exclusion and Integration) 1999 Cardiff University is the public name of the University ...

Polarizing Mexico: The Impact of Liberalization Strategy by Enrique DUSSELPETERS, Boulder, Colorado: Lynne Rienner Publishers, 2000, 249 pp., ISBN 1-55587-861-X (bound). Growth, Employment and Equity: The Impact of the Economic Reforms in Latin America and the Caribbean by Barbara STALLINGS and Wilson PERES, Washington, D.C.: Brookings Institution Press and United Nations Economic Commission fo...