This paper analyzes how participation in microcredit program helps to reduce the fertility rate. By using the data from the Grameen Bank of Bangladesh, the paper also examines whether the accomplished empowerment of the microcredit borrower remains limited only to economic activities or also...

We use repayment data from Grameen Bank groups to study mutual dependence in behavior among participants. Such dependence is a measure of group cohesion, and is interpreted as evidence for the existence of inter-connectedness among members at the group level. Results from a dynamic fixed-effects...

This paper employs cross-country growth regressions for a sample of developing countries to examine the determinants of FDI. In addition to economic factors affecting foreign direct investment, the analysis also tests for the role of institutional quality (enforcement of property rights,...

Following Friedman and Meiselman (1963), the role of money supply in determining income and output has been extensively studied both in the context of developed and developing economies. This paper tests the money-output relationship for Mexico. Drawing on the latest development in time series...

The paper focuses on Nigeria, which has over the years invested substantially to improve the educational attainment of the labor force and to raise productivity but yet still faces declining real output and slow economic growth. The study observes that this puzzle is attributable to labor market...

This study aims at investigating the nature of the causal relationship between immigration and two macroeconomic indicators, GDP per capita and unemployment, in Sweden using autoregressive distributed lag (ARDL) bounds testing procedure and Granger-causality within vector error correction model...

The Chinese government has actively tried to promote export. Her export promotion measures have included duty drawbacks, which are expected to lower the cost of imported inputs and to increase the exporters' competitiveness. This paper examines the effectiveness of the duty drawback system in...

This paper attempts to briefly review the financial impact of the recent economic reforms in Botswana. In particular, it investigates the influence of these reforms on savings, and tests the financial repression hypothesis. The paper examines such effects through empirical examination using the...

This article uses 1993 data from the Trinidad and Tobago Continuous Sample Survey of the Population to investigate patterns of remuneration across its public and private sectors. Unlike results from developed countries, the large earnings premium to public sector workers in Trinidad & Tobago...

This paper uses a panel approach and annual observations of over 150 countries for the period 1975 – 2000 to examine the impact of foreign aid and trade on income. The paper addresses the simultaneity of international trade, foreign aid and economic performance by using a full information...