Using a translog stochastic production frontier and maximum likelihood econometric methods, we estimate and model the determinants of firm level efficiency in the Nepalese context. Our results are broadly in line with theoretical expectations. We find that large firms are more efficient and that...

Conventional treatments of fungibility, such as in Assessing Aid, are concerned with evidence that aid recipients do not increase sufficiently (that is, by the amount of aid) expenditure on specific areas favoured by donors. In other words, fungibility implies that recipients divert aid to...

Why has growth, especially in exports, in low-income developing and transitional countries been low relative to the rest of the world? Why is it that such countries appear not to be benefiting from globalisation? These are the questions addressed by the studies in this collection, and the...