One of the important problems in the theory of economic growth is whether the growth of output per capita depends positively or negatively on the ratio of human to physical capital. Following Duczynski (2003), we apply his approaches for the panel data set. However, we have described the human...

This paper reviews the literature dealing with the effects of exchange rate volatility on trade. The overall evidence is best characterized as mixed as the results are sensitive to the choices of sample period, model specification, proxies for exchange rate volatility and countries considered...

Education in every sense is one of the fundamental factors of development. No country can achieve sustainable economic development without substantial investment in human capital. Education enriches people's understanding of themselves and world. It improves the quality of their lives and leads...