In this paper, we apply the duality approach, which is generally used in a static framework, to a two-sector overlapping generations model. Applying the duality approach enables one to determine clearly the welfare effects of a transfer and to explain how the transfer paradox might occur....

Payne and Kumazawa (2005) examine the effect of domestic savings, foreign aid, the evolution of capital mobility over time, and openness on investment rates using a panel of sub-Saharan African countries. They find that capital mobility has increased over time and that foreign aid and openness...

Pass-through from the nominal effective exchange rate to import prices is modelled within a regime-switching environment. Evidence suggests that exchange rate pass through can be characterised as regime-specific where the probability of switching between regimes is influenced by the extent of...

Pass-through from the nominal effective exchange rate to import prices is modelled within a regime-switching environment. Evidence suggests that exchange rate pass through can be characterised as regime-specific where the probability of switching between regimes is influenced by the extent of...

In this paper, we apply the duality approach, which is generally used in a static framework, to a two-sector overlapping generations model. Applying the duality approach enables one to determine clearly the welfare effects of a transfer and to explain how the transfer paradox might occur....

Payne and Kumazawa (2005) examine the effect of domestic savings, foreign aid, the evolution of capital mobility over time, and openness on investment rates using a panel of sub-Saharan African countries. They find that capital mobility has increased over time and that foreign aid and openness...

With recent studies generating skepticism toward aid-effectiveness for economic growth of some aid-dependent economies, the need to re-examine the effectiveness of foreign aid for economic growth has gained increasing importance. This paper examines the role of foreign aid in per-capita economic...

This paper examines the Saving-Investment (S-I) relationship and the extent of capital mobility in India during the period 1970-2010. We find that S-I are cointegrated, but the error correction model exhibits structural instability on the onset of balance of payment crisis in the 1990s and...

We investigate factors of total factor productivity (TFP) interdependencies in a sample of 19 OECD countries for the period 1981-2009. Rolling cointegration relationships are estimated between TFP's level in order to measure productivity interdependencies across countries and over time. Besides...

Using the product space and the index for product level sophistication, the performance of the Philippines' export basket is analyzed. Results indicate that while currently it has limited options for diversification, the country can still produce sophisticated exports given significant...