Unlike previous analysis, we consider (i) possible externalities in the use of IT and (ii) IT and human capital interactions. Examining, hypothetically, the statistical consequences of erroneously disregarding (i) and (ii) we shed light on the small or negative growth effects found
Title: Determination of real exchange rate in China : a productivity approach There is increasing evidence that exchange rate movements depend upon a country’s productivity growth (or stage of development), and this effect is dubbed the Balassa-Samuelson theorem. This paper examines the
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