Haque, Nadeem U.; Lahiri, Kajal; Montiel, Peter J. - In: IMF Staff Papers 37 (1990) 3, pp. 537-559
A small macroeconomic model based on familiar theoretical considerations is developed and estimated using data from 31 developing countries. Efficient estimation techniques are used to control for country heterogeneity under the assumption of rational expectations. The estimates and the test...
