This paper surveys the empirical literature on total factor productivity (TFP) and the sources of growth in the East Asian Countries. It raises the queston whether the literature has helped us understand better the factors that have propelled growth in the region. The paper discusses the main...

The paper undertakes an empirical investigation of key macroeconomic factors affecting private investment in the South Pacific developing member countries. The study finds that instability in the real exchange rate had a sizeable adverse effect on private investment.

Given its fragile balance of payments position and urgent need to boost industrial production, Pakistan needs to significantly increase its mobilization of foreign resources. However, long-term official assistance will become increasingly scarce, while promoting large portfolio investments is...