Based on a small, open-economy IS-LM prototype model, this paper examines the sources of macroeconomic instabilities in Hong Kong and Singapore operating under two different currency board arrangements. The empirical findings suggest that in general, both external and internal factors contribute...

Using chemical substances for self-medication may be regarded not simply as free choice but as the result of complex behaviours involving social, environmental, and economic contexts, and even as an attempt to cope with life. The objective of this study was to determine the possibility of...

The author has chosen three major topics in development economics for a discussion on how to teach the subject: the concepts and measurement of development, models of growth and development, and the international aspects of economic development. For the concepts of development, it is important...