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Jørgen R. Lotz and Elliott R. Morss

“average” tax ratio for any country as a function of its per capita income and its degree of openness. 4 Next the actual tax ratios and our “averages” were compared; the country whose actual tax ratio exceeded the “average” one by the largest percentage was given the highest tax effort ranking, and the country whose actual tax ratio fell short of the “average” by the largest percentage was given the lowest ranking. Statistical Results In Table 1 , column (1), 52 developing countries were ranked on the basis of the tax ratios. In column 3 the rank of the same

International Monetary Fund. External Relations Dept.
This paper discusses infrastructure development and building of roads in Honduras. The paper highlights that in countries with backward transportation systems, the concept of “road” takes on an almost philosophical significance. The paper discusses the Western Highway in Honduras that was financed in 1961 by the first credit ever made by the International Development Association, the World Bank’s soft-loan affiliate. Between its terminal points, the highway provides individuals of the area with reasonably easy access to markets, and is encouraging them to expand their agricultural production.
International Monetary Fund. External Relations Dept.
International Monetary Fund. External Relations Dept.

This paper discusses infrastructure development and building of roads in Honduras. The paper highlights that in countries with backward transportation systems, the concept of “road” takes on an almost philosophical significance. The paper discusses the Western Highway in Honduras that was financed in 1961 by the first credit ever made by the International Development Association, the World Bank’s soft-loan affiliate. Between its terminal points, the highway provides individuals of the area with reasonably easy access to markets, and is encouraging them to expand their agricultural production.

International Monetary Fund. External Relations Dept.

This paper discusses infrastructure development and building of roads in Honduras. The paper highlights that in countries with backward transportation systems, the concept of “road” takes on an almost philosophical significance. The paper discusses the Western Highway in Honduras that was financed in 1961 by the first credit ever made by the International Development Association, the World Bank’s soft-loan affiliate. Between its terminal points, the highway provides individuals of the area with reasonably easy access to markets, and is encouraging them to expand their agricultural production.

J. Keith Horsefield

Use of the Fund’s resources is not free to member countries. Charges are levied, small in some circumstances but designedly heavy in other situations. They are explained in this article.

William H. White

In “How Useful are Econometric Models?” in the March 1969 issue of Finance and Development, William H. White described what econometric models are and what they are used for. In this article he discusses the most important econometric terms for the user of econometric evidence, explains some of the criteria of accuracy used in presenting such evidence, and describes the extent to which those criteria can be accepted by the policymaker.

International Monetary Fund. External Relations Dept.

This paper discusses infrastructure development and building of roads in Honduras. The paper highlights that in countries with backward transportation systems, the concept of “road” takes on an almost philosophical significance. The paper discusses the Western Highway in Honduras that was financed in 1961 by the first credit ever made by the International Development Association, the World Bank’s soft-loan affiliate. Between its terminal points, the highway provides individuals of the area with reasonably easy access to markets, and is encouraging them to expand their agricultural production.

David C. Fulton

Articles in Finance and Development generally deal with the world’s economic problems as they appear to the generals in the operations room, or to senior officers in the field. In this series of articles, an attempt is made to give some glimpses of development as it affects the lives of the private soldiers of development.

Bimal Jalan

It is well known that aid that is tied to the exports of a particular country is apt to be expensive to the recipient. The economic effects of tied aid on the donor country are less frequently discussed.