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This handbook offers a unique and original collection of analytical studies in Islamic economics and finance, and constitutes a humble addition to the literature on new economic thinking and global finance. The growing risks stemming from higher debt, slower growth, and limited room for policy maneuver raise concerns about the ability and propensity of modern economies to find effective solutions to chronic problems. It is important to understand the structural roots of inherent imbalance, persistence-in-error patterns, policy and governance failures, as well as moral and ethical failures. Admittedly, finance and economics have their own failures, with abstract theory bearing little relation...
This advanced text for a course on time series econometrics introduces modern time series analyses through the use of wide-ranging examples and applications. Providing a balance between macro- and microeconomic applications, the book covers recent work that has only been published in journals.
This book covers time series modeling and forecasting for econometrics and finance students. This new edition has been simplified for more ease of use and includes new chapters and substantial important revisions.
Discusses the origins and theory of democracy, describes the institutions that develop in a working democratic system and the conditions that seem to lead to and result from democratic government, especially the positive and negative effects of a free-mar
Is there a tradeoff between raising growth and reducing inequality and poverty? This paper reviews the theoretical and empirical literature on the complex links between growth, inequality, and poverty, with causation going in both directions. The evidence suggests that growth can be effective in reducing poverty, but its impact on inequality is ambiguous and depends on the underlying sources of growth. The impact of poverty and inequality on growth is likewise ambiguous, as several channels mediate the relationship. But most plausible mechanisms suggest that poverty and inequality reduce growth, at least in the long run. Policies play a role in shaping these relationships and those designed to improve equality of opportunity can simultaneously improve inclusiveness and growth.
Region encompasses of inter-dependent urban and rural areas. The rural areas supply perishable items to urban areas and from urban areas, migrants send remittances back to their homes in rural areas. In India, where 68.85 percent of the population resided in rural area in 2011, the balanced regional development is required to achieve uniform and equitable distribution of resources. Of late, most of the Government's planning related efforts and associated development are more in cities, being largest contributor to Gross Domestic Product (GDP), than rural areas. Higher investment in cities as compared to rural areas contradicts the basic premise of a balanced regional development. Though regi...