Measuring the level of an economy.s potential output and output gap are essential in identifying a sustainable non-inflationary growth and assessing appropriate macroeconomic policies. The estimation of potential output helps to determine the pace of sustainable growth while output gap estimates...

Erosion of trade preferences currently being enjoyed by LDCs and some developing countries remain an important area in the on-going trade negotiations. The different positions regarding the preference erosion question besides being informed by political economy considerations are also founded on...