As a result of the debt crises of the 1980s and the ensuing structural adjustment and stabilization programs, many less-developed countries (LDCs) have had to cut back social spending, including spending on government health programs. As a result, these countries have been forced to explore...

This study measures the proportion of U.S. exchange rate movements that can be accounted for by movements in relative prices of non-traded goods.

Economists have long been interested in searching for the causes and effects of the growth of income and wealth of countries. The relevant literature gradually was divided nto two banches: economic growth and development economics, with the former emphasizing the use of rigorous mathematical...

In this paper we consider the problem of making inference on a structural parameter in instrumental variables regression when the instruments are only weakly correlated with the endogenous explanatory variables.