A key component of climate change mitigation efforts will be the need to develop new technological solutions and to diffuse current state-of-the-art technologies to developing countries. However, due to a number of market failures, the required research and technological transfers are currently...

Migrant remittances are an increasingly important type of international financial flow for providing both additional resources for development as well as consumption expenditures for poverty alleviation. One geographical area where these flows are quite significant is in the CIS economies both...

This study provides a broad overview of the private housing market in central and eastern Europe and some of the CIS – its history, current conditions and implications for the overall economy. It highlights regional differences, describes the different policy choices that have been made, and...

Migrant remittances are an increasingly important source of income for the transition economies. For many of these economies, remittances are the largest type of international financial inflow and are larger than either capital inflows or official development assistance. These remittance inflows...

This study examines residential house price trends in the East European economies. The data are described and evaluated in terms of their quality and reliability; both official data from national statistical offices and that compiled by real estate companies are used. Current prices are...

This paper provides the text of the Gunnar Myrdal Lecture presented at the U.N. Palais des Nations in 2003. The lecture suggests that the gaps in income per capita between richer and poorer countries largely reflect the quality of their institutions. Institutions, by reducing uncertainty, are...

This paper provides the text of the Gunnar Myrdal Lecture presented at the U.N. Palais des Nations in 2004. The lecture addresses the present economic and political conditions in an integrated Europe and the challenges ahead, particularly how the expansion of the European Union will require...

The impact of the dependence on primary commodities for economic development is analysed within the framework of growth regressions. While there is no evidence of a generalized primary commodity curse, reliance on primary commodities does retard growth in sub-Saharan Africa (SSA). Which factors...

This paper discusses the policy options that resource-rich economies need to implement in order to promote capital formation and sustainable development.

This essay discusses the challenges in financing economic development in the eastern European and CIS economies. The advantages and pitfalls of extensively relying external capital are explored.