To date, the concept, measurement and interpretation of total factor productivity (TFP) growth remains highly discussed but poorly understood. This paper attempts to provide a review of these issues. First, the definition of TFP growth and the related concepts of embodied and disembodied...

Increasing integration of the Asian Tigers with the world economy through trade has exposed their income and trade to greater uncertainty and volatility. This paper models uncertainty in trade and income and re-examines the stability of the trade-growth nexus for Japan and the Asian Tigers in a...

The loss of EU sugar preferences at the end of 2007 has made the push for reform more urgent than ever in the African, Caribbean and Pacific (ACP) countries. Fiji as a case study is useful to understand the difficulties faced in being competitive in the global market without the sugar subsidy....

This paper draws attention to an aspect of poverty reduction in rapidly developing economies that have enjoyed a sustained period of economic growth accompanied by a decline in absolute poverty. The paper sets out to show the following: First, growth that leaves income distribution unchanged...

"The objective of this paper is to use a set of varied scenarios related to the Economic Partnership Agreement (EPA) and the loss of European Union (EU) sugar preferences (in the form of partial and full price liberalization) in combination with the recently committed EU development aid to...

Purpose – This paper seeks to revisit the highly debated trade-growth hypothesis by considering the effects of trade and output volatility on the relationship between trade and economic growth. Design/methodology/approach – The relationship is modeled by testing for the existence of output...

This paper investigates the trade-productivity growth relationship by incorporating uncertainty/volatility in a VECM-GARCH model. Using Singapore as a case study, we find evidence supporting the crucial role of imports as a beneficial conduit for growth in both total factor productivity (TFP)...

In this paper, we consider an extension of the commonly used poverty gap measure that may be used to address he question of whether the elimination of poverty is a feasible objective, given sufficient political commitment. The resources potentially available to address poverty may be measured by...