The purpose of this paper is to analyze empirically the importance of inflationary persistence in a group of sixteen advanced and developing countries. We do this by studying, in great detail, the time series properties of inflation using both univariate as well as multivariate techniques. We...

Are the Internet and other information technology the answer to growth in the developing world? This development economist answers "no," unless these countries make adequate investment in education, infrastructure, and research and development. This is no small order.