Back Issues

The Briefing Notes in Economics, publishes concise articles on a wide range of applied economics-related issues. Each issue contains a single contribution of about 3,000 words. The first issue appeared in November 1992.


Issue No. 1, November Parviz Dabir-Alai: 'A timely redirection of British economic policy?'.


Issue No. 2, January Parviz Dabir-Alai: 'Dams, lies and economics'.
Issue No. 3, March Jean Drze: 'Dealing with Famines'.
Issue No. 4, May Mehmet Odekon: 'President Clinton's Economic Plan'.
Issue No. 5, July Amitrajeet A. Batabyal: 'What's New in Trade and the Environment'.
Issue No. 6, September Andrew Henley: 'The Consumer Spending Roller-Coaster'.
Issue No. 7, November Alexandre Barros: 'New Growth Theory'.


Issue No. 8, January

Hans Singer: 'The Bretton Woods Institutions and the UN'.

Professor Sir Hans Singer passed away on Sunday 26th February, 2006. The link to his paper shown here takes you to his January 1994 paper re-issued to honour his 95th birthday in November 2005.

Issue No. 9, March Ian Byatt: 'Economic Regulation of the Water Industry in England and Wales'.
Issue No. 10, May Michael Piette: 'Economists as Expert Witnesses: Antidiscrimination in Employment Legislation in the Unites States'.
Issue No. 11, July Roger Clarke: 'Competition and Competition Policy'.
Issue No. 12, September Chris Kynch: 'Map or Mirage? Rates of return: a policy makers guide to education as investment'.
Issue No. 13, November Barnard Seligman: 'Indexation: Practice and Theory'.


Issue No. 14, January Fidel Ezeala-Harrison: 'Over-Stretched Economic Underdevelopment in Sub-Saharan Africa'.
Issue No. 15, March Geoff Frewer: 'Middle East Oil Production and Security of Supply'.
Issue No. 16, May Diane Dewar: 'Rural Medical Orgainzation under US Health Reform'.
Issue No. 17, July Dennis McCornac: 'Investing in Vietnam - Patience Required'.
Issue No. 18, September Mark Baimbridge and Brian Burkitt: 'Central Bank Independence: A New Non-Inflationary Beginning or Democratic Deficit?'.
Issue No. 19, November Mark Gallagher: 'A Public Choice Theory of Budgets'.


Issue No. 20, January Ronald Sprout: 'Econometric Cross-National Studies by Social Scientists on Trade and Economic Growth'.
Issue No. 21, March James Gapinski: 'Expectation Adjustment Time'.
Issue No. 22, May Michael Marlow: 'Behavioral Assumptions and the Public Sector Centralization Debate'.
Issue No. 23, July Samuel Cameron: 'Should Bootleggers Face the Music? The Economics of Illegally Recorded Music'.
Issue No. 24, September Greg Hill: 'Massive Government Debt as an Economic Stabilizer'.
Issue No. 25, November Paul Fronstin: 'The availability of retiree health insurance in the United States'.


Issue No. 26, January Esmail Hossein-zadeh: 'How Finance Capital Cripples Industrial Capital: The Role of Fractional Reserve Banking'.
Issue No. 27, March Dhanayshar Mahabir: 'Flexible manufacturing System: Some Implications for Economic Analysis'.
Issue No. 28, May William Boyes and Michael Marlow: 'Smoking Bans and the Coase Theorem'.
Issue No. 29, July Arthur Leahy: 'Concentration in Fields of Specialization in Economics'.
Issue No. 30, September Saud Choudhry, B. Mak Arvin and Robert Morrison: 'Ranking Donors in the Allocation of Aid to Developing Countries: New Evidence'.
Issue No. 31, November Jaleel Ahmad: 'Are Subsidies Always Welfare-Superior to Trade Barriers?'.


Issue No. 32, January Geeta Gandhi Kingdon: 'Education, Productivity and Growth: A Review'.
Issue No. 33, March Costas Siripoulos and Dimitrios Asteriou: 'Convergence or Dualism: The Case of Greek Regions'.
Issue No. 34, May Mark Baimbridge: 'All aboard for the EMU? EU Economic Convergence 1990-96'.
Issue No. 35, July Stephen Shmanske: 'Subjective Measurement and "bad-mood" Bias'.
Issue No. 36, September Bernard Vertegen: 'The Non-Rational Foundations of Constitutional Economics'.
Issue No. 37, November Fidel Ezeala-Harrison: 'Conceptions and Misconceptions of International Competitiveness'.


Issue No 38, January Brian Grogan: 'The New Great Depression'.
Issue No 39, March Arthur Leahy: 'Cost of Graduate Business Education: The Case of the Distance Learning MBA'.
Issue No 40, May Greg Hill: 'Positional Goods and the Macroeconomy'.
Issue No 41, July Mark Gallagher: 'Inter-Governmental Transfers in Mongolia: The Truth Hurts'.
Issue No 42, September Theodore Pelagidis: 'Social Cohesion as a Competitive Advantage'.
Issue No 43, November Robert Jones: 'Wage Differences between "Old" and "New" Immigrants: An Industrial analysis' .

Parviz Dabir-Alai -review of: Roberts, M.J. and Tybout, J.R. (eds.) Industrial Evolution in Developing Countries: Micro Patterns of Turnover, Productivity and Market Structure. Published for the World Bank by Oxford University Press, 1996.

As from 2000 the BNE has been issued on a quarterly basis and the following represent this output to date:


Issue No 44, March/April Andrew Henley: 'What is the Role of Business Ethics in a Competitive Economy?'

Mak Arvin - review of: Ishikawa, K. Nation Building and Development Assistance in Africa: Different but Equal. Published by St.Martins Press, 1999.


Issue No 45, June/July Mark Gius and Wendy Ceccucci: 'The Impact of Information Technology on labour Productivity in the Service and Trade Sectors of the USA'

Parviz Dabir-Alai - review of: Krugman, P. The Accidental Theorist - And Other Dispatches from the Dismal Science. Published by Penguin Books 1999.


Issue No 46,
Yasuji Otsuka and Bradley M. Braun : 'The regulation of cable TV: a review of the 1985-95 U.S. experience'

Brian Grogan - review of: Gowan, P. The Global Gamble - Washington's Faustian Bid for World Dominance. Published by Verso 1999.


Issue No 47,
Sabine Spangenberg : 'The Political Economy of a British Stakeholder Society'

Ivan K. Cohen - review of: Shiller, R.J. Irrational Exuberance. Published by Princeton University Press 2000.


Issue No 48,

David Steele and Julian Wright : 'The Forward Premium Bias under different Monetary Policy environments'

Sabine Spangenberg - review of: The World Bank - Greening Industry: New Roles for Communities, Markets, and Governments - A World Bank Policy Research Report. Published by Oxford University Press 1999.

  Issue No 49,

Amitrajeet A. Batabyal: 'The Economics of Land Use, Wilderness Designation, and Resource Regulation in the American West'

Walter Elkan - review of: Bauer, P. From Subsistence to Exchange and other essays, with an Introduction by Amartya Sen. Published by Princeton University Press 2000.

  Issue No 50,
Roger Clarke: 'Buyer Power and Competition in Food Retailing in the UK'

Mak Arvin - review of: Schmidt-Hebbel, K. and L. Servén, editors. The Economics of Saving and Growth: Theory, Evidence, and Implications for Policy. Published by Cambridge University Press for the World Bank 1999.


Issue No 51,
Mike Waghorne: 'A Union view on how International Organisations meet their obligations toward Labour'

U. Muge Dolun - review of: Deepa Narayan, Raj Patel, Kai Schafft, Anne Rademacher and Sarah Koch-Schulte. Voices of the Poor: Can Anyone Hear Us? Published by Oxford University Press for the World Bank 2000.
  Issue No 52,
Najma R. Sharif: 'The Seclusion Ethic and the Educational Attainment and well-being of Adolescent Girls'

Parviz Dabir-Alai - review of:

UNCTAD – World Investment Report 2000: Cross-border Mergers and Acquisitions and Development. United Nations: New York & Geneva, 2000.

UNCTAD – World Investment Report 2001: Promoting Linkages. United Nations: New York & Geneva, 2001.
  Issue No 53,
Mehmet Odekon: 'Financial Liberalization and Investment in Turkey'

Yemi Babington-Ashaye - review of: UNCTAD – FDI Determinants and TNC Strategies: The Case of Brazil. United Nations: New York and Geneva, 2000.
  Issue No 54,

Stefania Scandizzo: 'International Trade and the Labelling of Genetically Modified Organisms'

Ismail Shariff - review of: Allen J. Scott. Global City-Regions: Trends, Theory, Policy. Published by Oxford University Press, 2001.

Issue No 55,

William R. DiPietro: 'National Corruption and the Size of the Public Sector'

Geeta Gandhi Kingdon - review of: Hans-Peter Kohler. Fertility and Social Interaction: An Economic Perspective. Published by Oxford University Press, 2001.

  Issue No 56,
March /April

Gert-Jan Hospers: 'From Schumpeter to the Economics of Innovation'

Richard Palser - review of: Ha-Joon Chang. Kicking Away the Ladder: Development Strategy in Historical Perspective. Published by Anthem Press, 2002.

  Issue No 57,
June /July

P. Kapopoulos, P. Papadimitriou and F. Siokis: 'Identification problems on the causal relationship between minimum wage and employment?'

Carmen A. Li - review of: B. Mak Arvin, editor. New Perspectives on Foreign Aid and Economic Development. Published by Praeger, 2002.

  Issue No 58,

Jong-Hwan Yi: 'Three Anomalies of Initial Public Offerings: A brief Literature Review'

This issue carries two 'in memory' tributes to Jim Gapinski and Franco Modigliani by E. Ray Canterbery and Parviz Dabir-Alai, respectively, and as such carries no book review.

Issue No 59,

Ramkishen S. Rajan: 'Choosing an Appropriate Exchange Rate Regime for Small and Open Emerging Economies'

Takayoshi Kusago - review of: Caroline M. Robb. Can the Poor Influence Policy? Participatory Poverty Assessments in the Developing World. Published by the World Bank, 2001.

Alieu Senghore - book note on Joseph Stiglitz's Globalization and its Discontents.


Issue No 60, March/April

Greg Hill: 'Egalitarianism Old and New'

Mak Arvin - review of: Joseph Stiglitz. Globalization and its Discontents. Published by Penguin Books, 2002.

  Issue No 61, June/July

Arthur S. Leahy: 'The Determinants of Profitability in the Liquor Industry'

Petar Kanev - review of: UNCTAD - World Investment Report 2002: Transnational Corporations and Export Competitiveness. United Nations: New York and Geneva, 2002.

  Issue No 62, September/October

E. Ray Canterbery: 'Necessities, the Marginal Utility of Money, and Saving'

This paper has been written in honour of Professor James Gapinski who passed away in November 2000.

Limitations of space has resulted in the postponment of the book review section from this issue. This feature will return in a subsequent issue.

Issue No 63,

Frank J. Chaloupka, Prabhat Jha, Joy de Beyer and Peter S. Heller: 'The Economics of Tobacco Control'

Limitations of space has resulted in the postponement of the book review section from this issue. This feature will return in a subsequent issue.

  Issue No 64, March/April

Carmen A. Li and Bob Wearing: 'The Glass Ceiling and Directors of Large UK Quoted Companies'

Brian Grogan - review of: Martin Wolf. Why Globalization Works. Published by Yale Nota Bene, 2004.

  Issue No 65, June/July

Yu Hsing: 'Impact of Monetary Policy, Fiscal Policy and Currency Depreciation on Output: The Case of Venezuela'

Richard Palser - review of:

Chang, Ha-Joon, editor. Rethinking Development Economics. Published by Anthem Press, 2003.

Chang, Ha-Joon. Globalization, Economic Development and the Role of the State. Published by Zed Books, 2003.

  Issue No 66, September/October

Joseph G. Eisenhauer: 'How Prevalent are Friedman-Savage Utility Functions?'

Nobuyoshi Yamori - review of: Joseph Stiglitz and Bruce Greenwald. Towards a New Paradigm in Monetary Economics. Published by Cambridge University Press, 2005.

Parviz Dabir-Alai - book note on: Jeffrey Sachs's The End of Poverty: How we can make it happen in our lifetime.



Issue No 67,


Mohammad S. Hasan: 'Business Cycles, Mortgage Rates and Housing Starts in the United Kingdom - An Empirical Analysis'

Limitations of space has resulted in the postponement of the book review section from this issue. This feature will return in a subsequent issue.


Issue No 68,


Nobuyoshi Yamori: 'Asymmetric Regional Effects of Monetary Policy: An Empirical Evaluation of the Japanese Experience'

Parviz Dabir-Alai - review of: Silvana De Paula and Gary A. Dymanski, editors. Reimagining Growth: Towards a Renewal of Development Theory. Published by Zed Books, 2005.

Parviz Dabir-Alai - book note on: World Bank - African Development Indicators 2005. The World Bank: Washington, D.C., 2005.


Issue No. 69,


Kamal P. Upadhyaya and Gyan Pradhan: 'Another Empirical Look at the Monetary Approach to Exchange-Rate Determination: The Case of G-7 Countries'

Carmen A. Li - review of: John F. Ermish. An Economic Analysis of the Family. Published by Princeton University Press, 2003.


Issue No. 70,


Simon Ville: 'The Equity Premium in Australia and the United States: 1889-1978'

Simon Feeny - review of: Ian A. Goldin and Kenneth Reinert. Globalisation for Development: Trade, Finance, Aid, Migration and Policy. Published by the World Bank and Palgrave Macmillan, 2006.



Issue No. 71,

Mark Gius: 'The Effects of Institutional Corruption and National Economic Freedom on Entrepreneurs'

Limitations of space has resulted in the postponement of the book review section from this issue. This feature will return in a subsequent issue.


Issue No. 72,


Konstantinos Drakos and Christos Kallandranis: 'Financial Considerations in Investment Decisions: A Literature Review'

Valeriya Vitkova - review of: Gordon L. Clark and Paul Tracey. Global Competitiveness and Innovation: An Agent-Centred Perspective. Published by Palgrave Macmillan, 2004.

Parviz Dabir-Alai - book note on: E. Ray Canterbery. Alan Greenspan: The Oracle Behind the Curtain. Published by World Scientific, 2006.


Issue No. 73,


Themis D. Pantos: 'The Deregulation of the Hellenic Financial Sector: Risk and Wealth Effects'


Saud Choudhry - review of: Fiorella Kostoris Padoa Schioppa. The Principle of Mutual Recognition in the European Integration Process. Published by Palgrave Macmillan, 2005.


Issue No. 74,


Tony Cavoli and Ramkishen S. Rajan: 'Inflation Targeting Arrangements in Small and Open Economies in Asia and Elsewhere: Exploring the Role of the Exchange Rate'

Alan R. Roe - review of: Bernard Hoekman and Caglar Ozden. Trade Preferences and Differential Treatment of Developing Countries. Published by Edward Elgar, 2006.



Issue No. 75,

Arthur S. Leahy: 'The Impact of Seller Reputation on Price:Evidence from The Da Vinci Code and'

Mehmet Odekon - review of: Philip Arestis, John McCombie and Roger Vickerman. Growth and Economic Development: Essays in Honour of A.P. Thirlwall. Published by Edward Elgar, 2006.


Issue No. 76,


Michael K. Block and William J. Boyes: 'Is a Positive Attitude toward Free Markets an Inferior Good?'

Limitations of space have resulted in the postponement of the book review section from this issue. This feature will return in a subsequent issue.


Issue No. 77,


Norbert Hirschauer and Oliver Musshoff: 'A Note: Are (Positive) Real Options Values a Contradiction in Terms?'

B. Mak Arvin - review of: William Easterly. The White Man's Burden: Why the West's efforts to aid the rest have done so much ill and so little good. Published by Penguin Press, 2006.


Issue No. 78,


Roger Clarke: 'Abuse of Dominance: Recent Developmentsin Competition Policy in the EU'

Michael Keating - review of: Greg Hill. Rousseau's Theory of Human Association: Transparent and Opaque Communities. Published by Palgrave Macmillan, 2006.



Issue No. 79,


William DiPietro: 'Government Size, Government Effectiveness, and National Savings Rates'

Limitations of space have resulted in the postponement of the book review section from this issue. This feature will return in a subsequent issue.

As from April 2009 the BNE has been issued on a bi-annual basis and the following represents this output to date:

Issue No. 80,


Meltem S. Ucal and  Gıyas Gőkkent: 'Macroeconomic FactorsAffecting Real Estate Markets in Turkey: A Var Analysis Approach'

Ana Carolina Correa - review of: Jeffrey Sachs. Common Wealth: Economics for a Crowded Planet. Published by Penguin Books. New York. 2008.


Issue No. 81,


Fabrizio Ferretti: 'Economic Structural Change and Cancer Incidence'

Limitations of space have resulted in the postponement of the book review section from this issue. This feature will return in a subsequent issue.


Issue No. 82,


Jerome Ballet and Augendra Bhukuth: 'About the theory of the Worst Forms of Child Labour'

Yutaka Kurihara and Eiji Nezu: 'Relationships between Japanese Stock Prices and Macroeconomic Vairables during Quantitative Easing period'

Petar Kanev - review of: Ha-Joon Chang. Rethinking Development Economics. Published by Anthem Press. London. 2008.


Issue No. 83,


Arthur S. Leahy: 'Net Migration of the Older Population in the United States, 1995-2000'

Bernard Mees - review of: Gopinath Thankom Arun and John Turner (eds). Corporate Governance and Development: Reform, financial systems and legal frameworks. Published by Edward Elgar. Cheltenham. 2009.


Issue No. 84,


Yutaka Kurihara: 'Income Convergence Trends in Regional Agreements'

Sanjay Raja - review of: Simon Feeny and Matthew Clarke. The Millennium Development Goals and Beyond: International Assistance to the Asia Pacific. Published by Palgrave Macmillan. London. 2009.


Issue No. 85,


Nicholas Apergis: 'More Evidence on the Relationship between the Stock and the Real Estate Market'

Limitations of space have resulted in the postponement of the book review section from this issue. This feature will return in a subsequent issue.


Issue No. 86,


Abbas Valadkhani, Shima Hassan Zadeh Forughi and Amir Arjomandi: 'Is the Rising cost of Education Uniform Across All of Australia's Capital Cities?'

Nicholas Steven Lappen - Book Note on Dead Aid: Why aid is not working and how there is another way for Africa by Dambisa Moyo. Published by Penguin Books. London 2009.


Issue No. 87,


Arthur S. Leahy: 'Transfer Pricing Under IRC Section 482'

Limitations of space have resulted in the postponement of the book review section from this issue. This feature will return in a subsequent issue.


Issue No. 88,


Saud A. Choudhry and Byron Lew: 'Tourism as a Development Tool: Evolving Global Trends and Emerging Options'

Limitations of space have resulted in the postponement of the book review section from this issue. This feature will return in a subsequent issue.


Issue No. 89,


Xinyan Shi and Ramin Maysami: 'Time-inconsistent Preference and Reference Dependence'

Limitations of space have resulted in the postponement of the book review section from this issue. This feature will return in a subsequent issue.


Issue No. 90,


Franklin G. Mixon and Kamal P. Upadhyaya: 'Eyes on the Prize: Human Capital and Demographic Elements of Economics' Nobel Prize and John Bates Clark Medal'


Limitations of space have resulted in the postponement of the book review section from this issue. This feature will return in a subsequent issue.

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