"An examination of privatization from an economic perspective. The authors evaluate the effects of ownership transfer on economic performance and market structure in seven developing countries: Jamaica, Trinidad and Tobago, Malaysia, Papua New Guinea, Sri Lanka, Kenya, and Malawi"--Handbook of...

We show that a dynamic general equilibrium model with efficiency wages and endogenous capital accumulation in both the formal and (non-agricultural) informal sectors can explain the full range of confounding stylized facts associated with minimum wage laws in less developed countries

VAR methods suggest that the monetary transmission mechanism may be weak and unreliable in low-income countries (LICs). But are structural VARs identified via short-run restrictions capable of detecting a transmission mechanism when one exists, under research conditions typical of these...