The Solow growth model examines the effects of saving, population and technological advances on the growth of an economy. Long-run economic growth is explained by the exogenous variable, technology. In this model lower income countries will experience higher rates of economic growth, which will...

In small open economies nominal devaluation is generally the government's policy instrument for dealing with balance of payments problems. There is general agreement that at least among developing economies devaluation is an effective means of improving a country's external balance. The effect...

Innovation is a scarce resource--in order for innovation to occur, a country must forgo something else. In the international trade literature, the sacrifice is usually in terms of inputs that could have been used in production. However, to imply that innovation depends on productive resources...

International marketing is growing in volume and importance for firms. Consequently, the impact of international marketing on society has also taken on additional importance. Distribution through international marketing channels, often referred to as exporting and importing, is the most...

This study deals with the identification of demand for money function in Iran, Nigeria, and Venezuela. This is important in the study of monetary policy as a tool for influencing macroeconomic variables in these countries.