After discussing the analyties open-economy adjustment, the authors examine the implications of the open capital account for Indonesia's adjustment, present the empirical estimates of a macroeconomic model and use the model to illustrate the nature of external adjustment necessary to ensure the...

The aim of this paper is to analyse the cross-country variation in the growth elasticity of poverty across a sample of developing countries during the period from 1990 to 2000. In order to identify variables that may explain the cross-country variation in the growth elasticity of poverty, the...