We evaluate the contribution of investment on education to Sri Lanka’s economic growth during the period 1959–2008. Physical capital, economic policy changes and the ethnic war are also evaluated due to their substantial importance. This study uses a framework encompassing both the...

Development involves changes in social, economic and institutional structures. Quantifying development requires a large array of variables with different characteristics often highly correlated. A factor analysis approach using inferential decisions based on computed standard errors is proposed....

This study investigates the relationship between nutrition intake and economic growth as an attempt to provide useful insights for FAO’s Anti-hunger Programme. It addresses the question of how much economic growth is lost by a country that has undernourished people. Real per capita gross...

Much of the endogenous growth literature has dwelled on evaluating the spillover effects of trade on growth, but much less efforts have been directed towards tracing and quantifying the spillover effects of foreign investments. This paper, in incorporating the effects of various types of foreign...

In this paper we introduce a state-space approach to the econometric modelling of cross-sectional specific trends (temporal variation in individual heterogeneity) and time varying slopes in the context of panel data regressions. We show that our state-space panel stochastic frontier model nests...

Housing price indexes are generally computed using variants of hedonic housing price models. The commonly used methods are the time-dummy method, the hedonic imputation method and the rolling window hedonic models. In addition, hedonic models that explicitly account for spatial correlation in...