The costs of import substitution (IS) as a strategy for industrialization, which was deemed synonymous with economic development by many development economists of the fifties and sixties, were shown to be substantial in the influential and nuanced studies of the seventies and eighties under the...

This article presents multi-output, multi-input total factor productivity (TFP) growth rates in agriculture for 88 countries over the 1970–2001 period, estimated with both stochastic frontier analysis (SFA) and the more commonly employed data envelopment analysis (DEA). We find results with...

Innovation is defined as a social and iterative process; as a consequence, nobodyinnovates in an isolated way (Lundvall, 1992). However, when analyzing innovationsurveys, evidence seems to contradict theory. Both in developing countries and indeveloped ones, the rate of linkages established...

Correctly measuring a country’s national income and its growth is essential to the understanding of various aspects of the country’s economy both at present and in the future. The measurement issue is even more important for economies like China whose size-based economic-political power is...

Purpose - This paper aims to investigate the integrational properties of real GDP for 125 countries. Design/methodology/approach - The paper applies the Kwiatkowski et al. univariate test and a KPSS-type univariate test that accounts for multiple structural breaks -a test procedure proposed by...

Monetarism is a macroeconomic theory predicated on the belief that a capitalist economy is inherently stable. Therefore outside influences on that economy have a destablizing and undesirable effect. Of these "shocks" to an economy money supply changes induced by the monetary authorities of that...

The main contribution to economic growth in South Africa prior to the early 1990s resulted from factor accumulation – principally capital, but also labour. Technological progress, as measured by total factor productivity (TFP) growth effectively made no contribution. From the 1990s however,...

My thesis explores the following question: how workers of different skill are allocated across jobs and unemployment over the business cycle. I am interestedin understanding the "over-qualification" of workers that occurs during periods of high unemployment, as increased congestion in the labor...

In the process of fulfilling their functions and obligations, states often find themselves in a situation where their own financial resources are not sufficient to achieve the set goals and objectives.Under such conditions, in order to finance government expenditures and the formation of budget...

Few publications have attempted to tackle the nature of alcohol on a global level. Given its universal availability and the emerging amount of alcohol-related data, we explore the cross-country and cross-continent nature of alcohol. Similarly, the extremely visible global burden of disease...