New economic policy (NEP), defined by liberalization, privatization and globalization (LPG), introduced in the early 1990sin India, had an enormous and long lasting impacts on all the major sectors of the Indian economy making it more market and service oriented and expanding the role of private and foreign investment. This paper revisits the historical events of NEP and aftermath development in India.

Keywords: Globalization India, International Monetary Fund, New Economic Policy, World Bank.

It is no longer a debate that international remittance have a positive influence on economic growth as it goes into individuals to meet family needs, but what has not been settled empirically (at least in the case of Nigeria) is the enduse allocation of this resources. This study assesses the expenditure pattern of international remittances on productive assets purchase using a micro cross sectional data obtained from 2009 World Bank’s Migration and Remittances Survey in Nigeria. The model estimated was based on a new approach, using the bivariate probit regression equation which saw remittances and productive assets as endogenous variables determined by some observed variables. The main result is the insignificant positive effect of migrant remittances on propensity to acquire productive assets among Nigeria’s households.

Key words: Remittances, Diaspora, Productive Assets, Economic growth.

JEL Classification: D13, O15.

The study assesses economic diversification and international trade focusing on oil and nonoil export in Nigeria. It suggests that for a country to diversify its economy, the country has to diversify its export base since export has been considered as an engine of growth of any economy. Nigeria as a developing country, should not depend majorly on one export commodity at a time but should integrate other sectors, thereby, diversifying the economy. The study uses the Stock Watson dynamic Ordinary Least Square (DOLS) over the period of 1981-2018. The results from the model therefore, encourages the Nigerian government to develop interest in the nonoil sector of the economy by strengthen its legislation and supervisory framework, so as to ensure maximum contributions from all sectors of the economy. This measure will help reduce over dependence on petroleum export, expand and diversify the Nigeria’s export base and  therefore, protect the economy from being extremely vulnerable to external shocks.

Keywords: Economic Diversification, StockWatson, International Trade, Export, DOLS, Nigeria.

JEL Code: F4, O1, O4, Q3.

This study aimed at examine the association between Corporate Social Responsibility Disclosure (CSRD) and financial performance with the level of tax avoidance of listed companies on the Tehran Stock Exchange (TSE). The study population consisted of 91 listed companies on the Tehran Stock Exchange during the years 2009-2014. The content analysis used to measure social responsibility disclosure level, and hypotheses are tested by multiple regression analysis. The results of this paper show that there is no a significant connection between level of CSR disclosure and tax avoidance. The moderating effects of high earnings performance also have no impact on the relation between CSR and tax avoidance. Furthermore, the results demonstrate that there is not significant relationship between corporate financial performance (ROA, Tobin’s Q, and EVA) and tax avoidance. In general, Iranian companies with good financial performance, as well as companies that sought to tax avoidance activities, did not believe much in disclosing social responsibility to achieve their goals.

Keywords: Corporate Social Responsibility Disclosure (CSRD), financial performance, tax avoidance, TSE.

One major challenge facing developing countries include intolerable unemployment rate and lower economic growth. This high unemployment rate directly means that available labour resources are not being utilized efficiently to their most productive use. Nonetheless, achieving the macroeconomic goals of any country involves maintaining price stability, achieving full employment and reaching the high level of economic growth. Therefore, for a nation to achieve high economic growth it must aim at lowering unemployment. Unemployment is a crucial factor which ascertains a countries economic growth and development which it can attain.  Most of the studies conducted in the context of developed countries or panel of developed studies have validated the relationship between unemployment rate and economic growth. The main purpose of this study is based on the period of 1991-2014 the Okun‘s law is validated for a panel of South African Development Community comprising of only for some countries.

Keywords: Okun’s law, unemployment, GDP growth.

JELcodes: J64, C2, E2

Tax income is undoubtedly one of the major sources of revenue of most countries, hence tax compliance is one of the troubling issue faced by tax authorities. Therefore this study evaluated the effect of tax knowledge on tax compliance behaviour of Micro, Small and Medium Enterprises (MSME) in Gombe state Nigeria. The study retrieved 360 questionnaires from the entire 480 MSMEs registered with Small and Medium Enterprises Development Agency (SMEDAN) and corporate Affairs Commission (CAC) in Gombe state Nigeria. Partial Least Squared Structural Equation Modelling (SmartPLS3) was employed to analyse the data. The study found out that tax  knowledge has a significant positive effect on tax compliance behaviour in MSMEs in Gombe state Nigeria. The study therefore recommends that tax authorities to put more effort in the provision of sensitization program to MSMEs in order to improve compliance.

Keywords: Taxation, Tax Knowledge, Tax Compliance, PIT, MSMEs