We examine the relationship between government size and economic growth, controlling for economic freedom and globalization, and using Bayesian Averaging over Classical Estimates in a panel of rich countries. Countries with big government have experienced above average increases in the KOF globalization index and in the Fraser institute’s Economic freedom index. To maintain comparability with e...

The banking sector is one of the important financial intermediaries in an economic system. Improvement in the banking sector can achieve optimal allocation of financial resources. The performance of banks and other financial service providers has direct effect on economic growth. One of the factors that can affect the banks operation is economic freedom. Economic freedom and freedom of private ...

Conventional wisdom indicates that economic specialization can promote economic growth, whereas economic stability is theoretically associated with diversified economies. This conflicting relationship between specialization and diversity has been questioned, as regional scientists have suggested that specialization and diversity can coexist in a regional economy and proposed the concept of dive...

Selection of dairy cows for economie merit requires the use of a model for genetic merit that involves the cross-product of the genetic values for milk and milk fa t percentage. A linear and a quadratic index are described as procedures for selection of cows, the linear index being blp.~ + bzp, and the quadratic index being blp,~ + b~_pt + b~p,n 2 + b~p, ~ + b~p.,pt where p~ and pt are the phen...

This paper evaluates the real-time performance of the growth rate of the DSE-ECRI Indian leading index for exports for predicting cyclical downturns and upturns in the growth rate of Indian exports. The index comprises the 36-country real effective exchange rate and leading indices of India’s 17 major trading partners. Leading indices of India’s major trading partners were developed at the Econ...

We construct a new credit spread index, employing an extensive micro-level data set of secondary market prices of outstanding senior unsecured bonds over the 1973– 2009 period. Compared with the standard default-risk indicators such as the Baa-Aaa corporate bond spread and the paper-bill spread, our credit spread index is a robust predictor of future economic activity across a variety of econom...

Regional Logistics-Economic System has been selected as the research object. To solve the collaborative barriers in coupling development of the system, the concept and constitute of Regional Logistics-Economic System have been constructed. The coupling development degree evaluation model and criteria have been established, and a reasonable evaluation index system has been also elected. The coup...