Capital Inflow into Developing Economies: A Macroeconomic Study

External capital inflow on a massive scale into the emerging market economies is a very significant phenomenon of recent years. Making distinctions between direct investment, real and financial, and portfolio investment and incorporating crowding in or crowding out effects we derive some results about the impact of higher inflow on output, investment and the exchange rare. A formula is suggested for estimating the cost of central bank intervention.

Impact of India-ASEAN Free Trade Agreement: A cross-country analysis using applies general equilibrium modelling

The study attempted to analyse the long-term effects of the FTA on India. It is argued that after full trade liberalization, India’s allocative efficiency will increase, but the terms of trade effect will worsen continuously and remain negative. India will be able to arrest the worsening in terms of trade once the gain in allocative efficiency is used to improve productivity in the export-oriented sectors as well as achieve economies of scale.India-ASEAN Free Trade Agreement, cross-country analysis, general equilibrium model

A MODEL OF CORRUPTION IN AN INVESTMENT PROJECT

The present paper analyzes the phenomenon of corruption in the context of a Public Works Department (PWD) in a developing country city and examines its tenacity in the face of anticorruption measures. Different behaviour patterns of the supervisor (official) of the PWD have been considered. The interesting result to emerge is that corruption may show a high degree of robustness against marginal attacks and such measures may actually be counterproductive in the different cases considered in this paper.Corruption, investment project, supervisor, contractor, bribe, anticorruption measures

Strategic environmental policy under free trade with transboundary pollution

We analyze the effects of trade liberalization on environmental policies in a strategic setting when there is transboundary pollution. Trade liberalization can result in a race to the bottom in environmental taxes, which makes both countries worse. This is not due to the terms of trade motive, but rather the incentive, in a strategic setting, to reduce the incidence of transboundary pollution. With command and control policies (emission quotas), countries are unable to influence foreign emissions by strategic choice of domestic policy; hence, there is no race to the bottom. However, with internationally tradable quotas, unless pollution is a pure global public bad, there is a race to the bottom in environmental policy. Under free trade, internationally nontradable quotas result in the lowest pollution level and strictly welfare- dominate taxes. The ordering of internationally tradable quotas and pollution taxes depends, among other things, on the degree of international pollution spilloversEnvironmental Economics and Policy,

Strategic Environmental Policy Under Free Trade with Transboundary Pollution

We analyze the effects of free trade on environmental policies in a strategic setting with transboundary pollution. Trade liberalization can result in a race to the bottom in environmental outcomes, making both countries worse off. With command and control policies (quotas), there is no race to the bottom. However, with internationally tradable permits, unless pollution is a pure global public bad, there is a race to the bottom in environmental policy. In our model carbon leakage alone, and not a terms of trade motive, drives countries to relax domestic environmental policy. Quantity-based tools strictly welfare-dominate price-based tools under free trade.free trade; transboundary pollution; environmental policy; carbon leakage; race to the bottom

Large-scale circulation departures related to wet episodes in northeast Brazil

Large scale circulation features are presented as related to wet spells over northeast Brazil (Nordeste) during the rainy season (March and April) of 1979. The rainy season season is devided into dry and wet periods, the FGGE and geostationary satellite data was averaged and mean and departure fields of basic variables and cloudiness were studied. Analysis of seasonal mean circulation features show: lowest sea level easterlies beneath upper level westerlies; weak meridional winds; high relative humidity over the Amazon basin and relatively dry conditions over the South Atlantic Ocean. A fluctuation was found in the large scale circulation features on time scales of a few weeks or so over Nordeste and the South Atlantic sector. Even the subtropical High SLP's have large departures during wet episodes, implying a short period oscillation in the Southern Hemisphere Hadley circulation

A Faster Parameterized Algorithm for Treedepth

The width measure \emph{treedepth}, also known as vertex ranking, centered coloring and elimination tree height, is a well-established notion which has recently seen a resurgence of interest. We present an algorithm which---given as input an $n$-vertex graph, a tree decomposition of the graph of width $w$, and an integer $t$---decides Treedepth, i.e. whether the treedepth of the graph is at most $t$, in time $2^{O(wt)} \cdot n$. If necessary, a witness structure for the treedepth can be constructed in the same running time. In conjunction with previous results we provide a simple algorithm and a fast algorithm which decide treedepth in time $2^{2^{O(t)}} \cdot n$ and $2^{O(t^2)} \cdot n$, respectively, which do not require a tree decomposition as part of their input. The former answers an open question posed by Ossona de Mendez and Nesetril as to whether deciding Treedepth admits an algorithm with a linear running time (for every fixed $t$) that does not rely on Courcelle's Theorem or other heavy machinery. For chordal graphs we can prove a running time of $2^{O(t \log t)}\cdot n$ for the same algorithm.Comment: An extended abstract was published in ICALP 2014, Track