The spectacular, sustained economic growth experienced in several East Asian countries leads to the question what Europe can learn from the East Asian economicmodel. Three advantages of the East Asian model stand out: small social transfers, low taxation and free labor markets. The superiority...

If it's true that Wayne Booth inspired Deirdre McCloskey's interest in the study of rhetoric, then it's also true — happily, in my view — that McCloskey has refused to mimic Booth's programmatic, formulaic methods and boorish insistence on prosaic succinctness. Bourgeois Equality is...

The expansion in the supply of energy services over the last couple of centuries has reduced the apparent importance of energy in economic growth despite energy being an essential production input. We demonstrate this by developing a simple extension of the Solow growth model, which we use to...

The purpose of this article is to classify existing approaches to analyzing theoretical and methodological aspects of innovation development in modern economic systems. We also present a new approach based on existing ones that combines advantages, eliminates drawbacks, and offers means of...

We study the long-run relationship of real exchanges rates (RERs) among the ASEAN-5 countries by testing the theory of Generalized Purchasing Power Parity (G-PPP) from the new perspective of fractional cointegration. The long-run co-movements of the RERs are examined by applying a recent...

I implement two major approaches to identifying the equilibrium exchange rate. First, the concept of purchasing power parity is tested and used to define the equilibrium real exchange rate for the Indonesian rupiah, Korean won, Malaysian ringgit, Philippine peso, Singapore dollar, Taiwanese...

The paper investigated the difference the EU made to the nature and speed of convergence process in the countries that joined the EU since 2004 relative to countries that converged outside such closely-knit supranational organization. It draws some lessons from this analysis for ASEAN countries....