The purpose of the analysis below is to assess whether this public sector crowding out of investment in manufacturing has been a major factor affecting the pattern of private capital formation in that sector. The results of modified Granger Causality test suggest that expanded public investment...

The purpose of this study is to develop an empirically based model to serve as a starting point for designing development strategies for Pakistan and similar countries, where aid has produced few tangible gains and the economy has not been able to generate sustained periods of growth. Within...

Oman and Bahrain are Middle Eastern success stories. There are some key similarities. Both have followed pragmatic development strategies built on a stable foundation of strengthened governance structures and enhanced economic liberalization. These improvements occurred in somewhat different...