CONTENTS

1. Introduction (Ghatak S. 3)
2. "No Wealth but Life" When Does Mercantile Wealth Create Ruskinian Wealth? (Swann P. 5)
3. An International Comparison of Long-Run Consumer Behaviour (Stewart C. 19)
4. Structual Break: Tests of the Present-Value Government Borrowing Constraint and Stability of Debt-GDP Ratio in the UK: 1970-2000 (Ghatak A. 37)
5. Welfare Gains to UK from a Global Free Trade (Bhattarai K. 55)
6. Volatility in the Emerging Stock Markets in Central and Eastern Europe: Evidence on Croatia, Czech Republic, Hungary, Poland, Russia and Slovakia (Murinde V., Poshakwala S. 73)
7. Long-Term Trends and Short-Run Dynamics in International Stock Markets (Harissis H., Mesomeris S., Staikouras S. 103)
8. Trade Balance and Exchange-Rate for a Small Open Economy During the EMS: The Hellinic Case 1983:1-1995:12 (Stamatopoulos T. 121)
9. An Empirical Growth Model for India: 1954-1994 (Daly V., Siddiki J. 141)
10. Rice, Risk and Rationality: Supply Response in West Bengal, India (Ghatak S., Seale J. 155)