Some recent studies suggest narrowly defined economic growth is the key to reducing the infant mortality rate. A host of new studies emerged in reaction to this assertion. These new studies emphasize the role of increased health expenditures in reducing infant mortality rates. Analyzing the...

The relevance of the Quantity Theory of Money to Developing economies is questioned. A skeptical examination of the facts upon which the theory is based, as well as of the theory itself , reveals much weakness. Indeed, it is the evidence from the developed economies that suffices to justify...

The paper examined the short- and long-run relationships between short-term external debt and economic growth in Thailand over the period 1970-2003. The ARDL-bounds test procedure to co-integration was used. Results reveal that real STED and real GDP are correlated positively and significantly...

The supply of human capital in the economy's production activities is a function of the quality and volume of education services provided at the secondary and tertiary levels in the education system. Hence, the allocation of resources by government to education is an important determinant of...

The relevance of the Quantity Theory of Money to Developing economies is questioned. A skeptical examination of the facts upon which the theory is based, as well as of the theory itself , reveals much weakness. Indeed, it is the evidence from the developed economies that suffices to justify...

The supply of human capital in the economy's production activities is a function of the quality and volume of education services provided at the secondary and tertiary levels in the education system. Hence, the allocation of resources by government to education is an important determinant of...

The widespread acknowledgement of the centrality of micro and small businesses in the development process has led to a proliferation of projects and programs designed to assist and promote these businesses. This research examines the common assumption that access to credit from formal financial...

It is important for developing countries to enact IT policies that enable them to take advantage of the new technologies and any consequent economic development. This paper attempts to gain an understanding of how developing countries, in particular Venezuela and Nepal, could incorporate...

Foreign Direct Investment (FDI) has been spreading across the globe. It evolved from a trickle in history to what appears as a spectacle in the modern world. No model is yet available, beyond common sense to account for its centrality in the global process. We can now chart a generalization...

This paper addresses the question of how greater equality by gender and race/ethnicity in the distribution of earnings would affect earnings inequality in Sri Lanka. The decomposition exercise of male-female earnings indicates the significant extent to which the gender disparity in earnings...