This paper examines the channels through which external debt affects growth in low-income countries. Our results suggest that the substantial reduction in the stock of external debt projected for highly indebted poor countries (HIPCs) would directly increase per capita income growth by about 1...

This paper integrates a two-period overlapping generations model with a standard two-sector Hecksher-Ohlin trade model and analyzes the impact of uncertainty on domestic investment in the exportable and importable sectors, the political economy linkages between trade and financial...

This paper presents a model that incorporates uncertainty about trade reform and analyzes the effects of trade and financial liberalization on domestic investment and savings, the current account balance and the real exchange rate, both when the capital account is open and when it is closed....

This paper explores the linkages between external sector reforms and public enterprise restructuring, paying attention to the role of the financial sector in ensuring the success of these reforms in the context of a comprehensive medium-term structural adjustment program. It discusses the...

This paper addresses the issue of the appropriate exchange rate regimes for Jordan and Lebanon in the context of the literature on optimum currency areas and the arguments concerning the use of the exchange rate as a nominal anchor for the economy. It presents some empirical results on the...

The findings of the paper suggest that investment in human capital would depend strongly on sustained economic growth accompanied by education and skill development of the workforce.The paper examines, in detail, the factors which are likely to influence the demand for human capital in the...

The purpose of the paper is to ascertain whether the anti-dumping legislation, in its present form, has served as an effective instrument of protection against unfair trade practices under WTO. The ultimate aim is to assess whether the measure has succeeded in conferring net welfare gains to...

The objective of the paper is to ascertain whether foreign firms display superior performance in the marketplace as compared to Indian owned business units. The emphasis is on the branded product.The paper, on the basis of specified parameters, concludes that even with higher productivity,...

The purpose of the paper is to ascertain the extent to which human resource development impacts the economy in general and the corporate sector in particular.The paper, while analysing in detail the situation prevailing in the international arena, concludes that there is no close correspondence...