Terms of trade implications of diversification into manufactured exports in a traditional primary-exporting country are examined in the light of the Sri Lankan experience over the past two decades. The empirical analysis focuses on trends in both commodity and income terms of trade, employing a...

The current debate regarding the robustness of estimates of export demand and supply elasticities for NIEs is examined by modelling manufactured exports from Korea. The results suggest that normalisation of the export demand function for price rather than quantity is an important issue in...

This article examines the determinants of household saving in the process of economic development, in the light of the Taiwanese experience during the period 1952-99. The methodology involves the estimation of a saving rate function derived within the life-cycle framework. It is found that the...