Dutch disease is the phenomenon that has its origins in the 'immiserising growth hypothesis' which argued that increase in the export sector can lead to misery for the economy if the terms of trade deteriorate in a significant way. While Holland's economy was the first to experience such a...

While the benefits from international trade are well documented in economic literature, application of a prudent trade policy may need a political acumen as well as economic insight. Tanzania has been a classic example of how a strategic trade policy can affect economic growth in a positive way....

This article is yet another simple test of the Purchasing Power Parity explanation of the exchange rate behaviour. We use the data of the US Dollar and Japanese Yen, and conclude that the PPP explanation has a substantial explanatory power for the behaviour of this exchange rate. The article...

This paper analyzes the impact of fiscal and monetary policies on output in India.The econometric evidence suggests that less than 5 per cent of the variation in output is explained by fiscal and monetary policies before the crisis in 1991. However, post-crisis data reveals the growing...

In this paper, we analyze the transformation of Taiwan from an agriculture based natural-resource-abundant economy into a high-technology, advanced economy, with the help of comparative advantage in international trade theory, and the Heckscher-Ohlin model. Taiwan's trade policies shifted from...

Rosenstein-Rodan proposed that if expansionary and developmental policies have to be pursued, the small changes in fiscal and monetary policy make minor changes in economic growth. So, if a meaningful economic development is the objective carrying out Big Push is necessary for the policy makers....