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"Limited competition has been a serious concern in infrastructure procurement. Importantly, however, there are normally a number of potential bidders initially showing interest in proposed projects. This paper focuses on tackling the question why these initially interested bidders fade out. An...
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"The economies of small developing states tend to be more fragile than those of large ones. This paper examines this issue in a dynamic context by focusing on the impact of the brain drain on North-South trade-related technology diffusion and total factor productivity growth in small and large...
Persistent link: https://www.econbiz.de/10011394122
"Under price ceilings and quality floors for agricultural inputs in cash crop sectors in developing countries where credit markets are weak, imperfect information on the ability of farmers to pay for their inputs at the end of the cropping season may lead the decentralized production of those...
Persistent link: https://www.econbiz.de/10011394216
"This paper explores endogenous institution formation under a catching-up strategy in developing countries. Since the … catching-up strategy is normally against the compartive advantages of the developing countries, it can not be implemented … through laissez-faire market mechanisms, and a government needs to establish nonmarket institutions to implement the strategy …
Persistent link: https://www.econbiz.de/10010520965
institutions directly. In theory, these effects may or may not work in the same direction as those on investment. The authors …
Persistent link: https://www.econbiz.de/10010522072
"The authors examine the empirical evidence in support of the poverty trap view of underdevelopment. They calibrate simple aggregate growth models in which poverty traps can arise due to either low saving or low technology at low levels of development. They then use these models to assess the...
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