The paper examined the short- and long-run relationships between short-term external debt and economic growth in Thailand over the period 1970-2003. The ARDL-bounds test procedure to co-integration was used. Results reveal that real STED and real GDP are correlated positively and significantly...

This paper studies the dynamics of the Taka-U.S.Dollar exchange rate for Bangladesh by augmenting the Quantity Theory of Money. The standard cointegration methodology (Engle and Granger, 1987) is employed in addition to the ARDL (Autoregressive Distributed Lag) procedure. The ADF and KPSS tests...

Applying the VAR model and using the Treasury bill rate as a monetary policy tool, we find that in the long run, output for Singapore responds positively to a shock to lagged own output and negatively to an innovation to the Treasury bill rate, government debt as a percent of GDP, appreciation...

The relevance of the Quantity Theory of Money to Developing economies is questioned. A skeptical examination of the facts upon which the theory is based, as well as of the theory itself , reveals much weakness. Indeed, it is the evidence from the developed economies that suffices to justify...

This paper analyzes the effect of regulation of firm entry on the variety of manufactured goods exported by developing countries. Using panel regressions, I find robust evidence that an increase in entry regulation significantly reduces the variety of manufactured goods that developing countries...

A stochastic production function analysis of the 212 regions of Veracruz province in southern Mexico reveals some inefficiency in manufacturing, mining, trade and service sectors in recent years. Poverty indices appear to influence a region’s ability to combine capital and labor to create...

Many developing countries are afflicted by persistent inequality in the distribution of income. While a growing body of literature emphasize differential fertility as a channel through which income inequality persists, this paper investigates differential child mortality - differences in the...

The relevance of the Quantity Theory of Money to Developing economies is questioned. A skeptical examination of the facts upon which the theory is based, as well as of the theory itself , reveals much weakness. Indeed, it is the evidence from the developed economies that suffices to justify...

This paper takes a holistic look at the media sector and establishes that press freedom along with reach reduces political instability. Greater reach of media furthers the cause of a free press. It generates an informed populace and increases government responsiveness. The hypothesis is...

Following Solow's (2001) recent advice, this paper takes productivity as the left-hand-side variable and offers a cross-country analysis of its determinants. The analysis follows the two-stage methodology, the first of which is devoted to obtaining productivity estimates, and the second stage is...