This paper estimates the elasticity of substitution between capital and skill using variation across U.S. counties in immigration-induced skill-mix changes between 1860 and 1930. We find that capital began as a q-complement for skilled and unskilled workers, and then dramatically increased its...

Together with the growing urgency of industrial development in the developing countries, the United Nations Industrial Development Organisation (UNIDO) is also more and more in the focus of interest. This young organisation, which two and a half years ago with much ambition assumed a huge...

We see industrialization in China the last 150 years as an ongoing process through which firms acquired and deepened manufacturing capabilities. Two factors have been consistently important to this process: openness to the international economy and domestic market liberalization. Openness and...

In support of their industrialisation efforts developing countries are offering a number of incentives to investors in order to compensate the latter for shortcomings and handicaps resulting from the countries' development status. Do these incentives serve their purpose?

The term "international licence trade" signifies the worldwide buying and selling, across national frontiers, of technical and industrial licences. In contrast to the trade in goods, which involves the exchange of material goods, the transfer of licences concerns immaterial goods, i.e. legally...