Globalisation has had a major impact on manufacturing competitiveness and industrial development in transitional and developing economies. This up-to-date book critically examines the experience of a wide range of countries, focusing on the policy challenges they face in the new global economy.

This paper estimates a demand for money function on household panel data from a national sample in the United States and constructed cross section interest rates. Its principal focus is the problem of truncation bias from a set of observations, which include zero observations of the dependent...

The rational expectations hypothesis presents the challenge that estimates of permanent income should be calculated from the statistical expectation of such income. This study reports on basic research undertaken on this proposition as it applies to the demand for money, a relation generally...