Relationship banking based on Okun’s ‘customer credit markets’ has important implications for monetary policy via the credit transmission channel. Studies of less-developed country (LDC) credit markets from this point of view seem to be scanty and this article attempts to...

How important is trade openness as a vehicle for driving productivity in developing countries? We offer a sector-specific analysis with focus on the manufacturing sector for meaningful policy insights. Using a modern econometric technique—the autoregressive distributed lag approach to...