This paper investigates the impact of monetary and import price changes on the domestic rate of inflation for each of six Asian developing countries: India, Korea, Malaysia, the Philippines, Thailand and. Sri Lanka. It also provides empirical tests of asymmetry between the effect of positive...

In this paper a simple open economy macro economic model is developed to identify which of the gaps-saving-investment, trade, or fiscal-become the binding constraints in the adjustment process with growth in developing countries. Using results of comparative statistics, the stability conditions...