In some developing countries, private rates of return to primary education have fallen to low levels. An explanation is provided as to why this fall need not reduce the demand for primary education. Primary schooling is a necessary input into postprimary. In an educational system that is...

A structural model relating fertility to its proximate is estimated for the Cote d'Ivoire. The assumption of exogeneity of the proximate determinants is rejected and shown to understate their influence. The model allows identification of the means through which female education affects...

Published comparisons of real exchange rate volatility have concentrated on the dispersion of monthly or quarterly movements. If volatility is to be a measure of the potential for misalignment, account must also be taken of the persistence of such movements. A simple measure of long-run...

Previous research (on countries other than the UK) finds better-performing firms to be more likely to export. We test this hypothesis for UK firms. The relationship between exporting and firm variables is significantly different for firms that have experienced a major innovation ("innovating...