Replaced with revised version of paper 08/06/10.

Trade policy reforms in recent decades have sharply reduced the distortions that wereharming agriculture in developing countries, yet global trade in farm products continues to befar more distorted than trade in nonfarm goods. Those distortions reduce some forms ofpoverty and inequality but...

The rise of the service sector has been offered as a possible reason for rising income inequalities in highly developed countries. Here, data from 1980, 1990 and 1995 are analyzed to investigate the effects of growth in the service sector on income inequalities for 77 nations around the world....

Since the highest income groups have tremendous influence over economic policy by virtue of money, position, and connection, it is important to identify the interest of these groups with regard to economic conditions. Recently, annual time series data on the shares of the very highest income...

Surveys of Professional Forecasters produce precise and timely point forecasts for key macroeconomic variables. However, the accompanying density forecasts are not as widely utilized, and there is no consensus about their quality. This is partly because such surveys are often conducted for...

This paper presents a simple framework in which the location and the growth rate of economic activities are endogenous and interact. We show that the nature of the equilibrium and of the relation between growth and location depends fundamentally on whether capital is assumed to be mobile (in...

The paper bases itself on recent theoretical writings in growth economics that emphasize the effects of both own R&D efforts and of interregional technology spillovers on regions´ productivity. We propose robust estimation techniques to evaluate the R&D spillovers across West German functional...

This paper discusses a large-scale factor model for the German economy. Following the recent literature, a data set of 121 time series is used via principal component analysis to determine the factors, which enter a dynamic model for German GDP. The model is compared with alternative univariate...

This is a study of 42 developing countries of Asia, Africa and Latin America in which we first examine the impact of trade liberalisation on economic growth, investment share of GDP, openness, trade balance and current accounts (as percentages of GDP). Both panel data and country by country data...

Free trading is considered as index of global economy and factor economic growth in many countries. In this study along with recognition of growth resources, those factors such as surplus value, Labour, capital, energy, government planning and expenditure which playing the main role in economic...