The authors examine the investment behaviour of a sample of small, credit-constrained firms in Sri Lanka. Using a unique panel-data set, they analyze and compare the activities of two groups of small firms distinguished by their different access to financing; one group consists of firms with...

India started on a program of reforms, both in its external and internal aspects, in the mid-1980s. While the increased exposure to world markets (globalization) and relaxation of domestic controls has undoubtedly given a spurt to the GDP growth rate, the impact of reforms on poverty, inequality...

The article investigates the working of a model of an urban labor market in LDG's which has two sectors—one sector (the U-sector) being characterized by ease of entry, variable hours of work and flexible earnings, the other (the O-sector), by rigid wages maintained at a relatively high level....

Malaysia's sustained growth in the 1970s was boosted by windfall gains during two oil price hikes plus a commodity boom. Oil and commodity prices fell in the 1980s and Malaysia, an oil exporter, bungled into a rather severe depression in 1985-86. But it recovered quickly, to the surprise of some...