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Volume 17, Number 2: April - June 2016

The Paris Climate Agreement heightens development challenges in Africa

  The Paris Climate Agreement heightens development challenges in Africa 
The rise of the green economy under the proposed Agreement offers tremendous opportunities for growth and economic development, especially for Africa...
Economics, Science and Climate Change
  Economics, Science and Climate Change
The IPCC theory is tested with global data from three different periods – the last 1,000 years, the last 120 years and the last 18 years. Two models are presented...

How Fast Will China Grow Towards 2030 and what about the US?
  How Fast Will China Grow Towards 2030 and what about the US?
Historical data for the last fifty years shows that there is a surprisingly strong correlation between the growth rate of a nation’s GDP per person and its income level.
China’s GDP Per Capita from the Han Dynasty to Communist Times

  China’s GDP Per Capita from the Han Dynasty to Communist Times
This article is a critical survey of the concepts and data utilized by economists and economic historians that purport to measure relative levels and long term trends in GDP per capita from the Han Dynasty to Communist times.
Data on Indicators of Governance: Handle with Care

  Data on Indicators of Governance: Handle with Care
An argument that indicators of governance in developing countries should be applied with caution, keeping their shortcomings in mind.
De-Risking Impact Investing

  De-Risking Impact Investing
Despite great investor interest in impact investing, actual investment flows have remained modest. This is largely due to insufficient investment opportunities which offer a financially sustainable risk-return balance.
Japan’s Monetary Policy Misadventure

  Japan’s Monetary Policy Misadventure
This paper argues that the Bank of Japan’s decision in April 2013 to formally adopt inflation targeting as the framework of its monetary policy and to embark on a programme of quantitative and qualitative monetary easing was misconceived.

Volume 17, Number 1: January - March 2016

The Digital Revolution – New Challenges for National Accounting?

  The Digital Revolution – New Challenges for National Accounting? 
The digital revolution has changed many industries, but measuring these changes from a national accounting perspective causes problems...
Measuring Financial Inclusion using Multidimensional Data
  Measuring Financial Inclusion using Multidimensional Data
The author notes that the lack of a financially inclusive system is a major concern not only for developing and low-income economies, but for many developed and high-income countries.
Dissecting China’s Property Market Data
  Dissecting China’s Property Market Data
This paper analyses Chinese property market data to evaluate recent trends in the market and to make prognoses for the future.


The Indian Economy: From Growth to Stagflation to Liberal Reform

  The Indian Economy: From Growth to Stagflation to Liberal Reform
A review that considers the optimistic scenario that India was on a high growth path and would follow China’s path with a lag (as its reforms started in 1991 compared with China’s in 1980) which would produce an economic miracle.
Youth Employment Crisis in India

  Youth Employment Crisis in India
A comparison of two regional economic communities – the East African Community (EAC) and the Southern Africa Customs Union (SACU) – suggests that deeper intra-regional, and in particular intra-industry, trade ties have contributed to the EAC’s resilience to external output shocks.
How Managerial Incentives Affect Economic Performance

  How Managerial Incentives Affect the Economy 
The impact of managerial incentive structures on corporate behaviour has been a neglected area of economics. New theoretical work by Nobel Prize winning economist Jean Tirole demonstrates that ‘bonus culture’ managerial incentive systems can increase inequality while lowering investment, work ethics and welfare.
Fiscal Policy and the Global Crisis

  Fiscal Policy and the Global Crisis
Up until the global economic crisis at the end of the 2000s an eclectic approach to fiscal policy seemed to have emerged from the long-standing debates that there had been about it...





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