Commentators have suggested over the years, and still do, that the NZ economy should restructure more rapidly towards sophisticated manufacturing and services so as to avoid remaining an agricultural economy. This paper reviews some relevant theory and empirical analyses, in a search for...

The macroeconomic impacts of remittances flows on developing economies are not well understood. The paper is an attempt to understand the impact of inward remittances flows on per capita GDP growth in Bangladesh during 1974-2006. We find that the growth effect of remittances is negative at first...

This paper estimates the externality effects of remittances for selected Asian countries. According to Romer (1986), externality generated by the education sector can raise nationwide productivity. Because a portion of remittances income is invested on education, remittances stock can also...

Using the Survey of Consumer Finances of 2001 and 2004, this article provides a nonlinear decomposition analysis to find the relative importance of household risk preference characteristics after allowing adjustment for distribution of other household characteristics. We find significant...

Given that around 20 percent of the members of the World Trade Organisation (WTO) are identified as least developed countries (LDC's), global trade negotiations, resumed after the Cancun fiasco of September 2003, must address some major development issues in the spirit of the Doha Development...

The theory of exchange rate determination clearly links a depreciating currency to a deteriorating trade balance, interest differential and related economic fundamentals. Empirical testing carried out routinely confirms these relationships in “normal†times as currencies constantly...

This study employs the cointegrating VAR approach to characterise the relationships between the five exchange rates comprising the TWI and the share market in New Zealand. Weekly data covering January 1999 to June 2006 are analysed. The study discovers there are two types of long-run...

China’s growth performance over the last three decades has stood at a phenomenal nine percent per annum and shows little sign of abating despite challenging market conditions in recent times. With ever increasing demand and limited land availability this is set to have an increasing impact on...