Journal of Economic Studies: Volume 28 Issue 3

Human capital and regional convergence in Canada

Serge Coulombe, Jean‐François Tremblay

Proposes an empirical analysis of regional convergence in Canada based on the growth model of Barro et al. In an open economy with perfect capital mobility, if domestic residents…

Measuring and modelling investors’ risk in South Africa

David Fielding

Presents a conceptual framework for measuring the impact of uncertainty on investment decisions in a developing country; this framework is applied to post‐war investment in mining…

Efficient capital controls

Rodney Schmidt

Controls on short‐term capital inflows or panic‐driven capital outflows may benefit emerging markets that have fragile financial sectors and adjustable‐peg currency regimes…

Bivariate and multivariate tests of the inflation‐productivity Granger‐temporal causal relationship: evidence from Greece

Evangelia Papapetrou

Examines the causality issue, in a Granger‐temporal causal sense, between price level and productivity in a bivariate and multivariate context in Greece over the period 1962‐1997…

Causality between defence spending and economic growth ‐ The case of mainland China: acomment

Yemane Wolde‐Rufael

Challenges the claims of a previous article which tested the long‐run relationship between economic growth and defence spending for mainland China for 1950‐1991 and stated that…