The paper presents a formalization of Kaldor's two-sector agriculture-industry model of economic growth. It analyzes the model under two different scenarios. The first scenarioânamely, that of idealized (relative) price adjustment in which growth is unconstrained by effective demandâis already...

There is significant academic evidence that growth in one country tends to have a positive impact on growth in neighboring countries. This paper contributes to this literature by assessing whether growth spillovers tend to vary significantly across world regions and by investigating the...

A second and an independent J-curve effect emerges where import expenditures depend on wealth and where current account imbalance feeds back on itself through its effect on asset accumulation. The combination of the two J-curves in conjunction gives rise to a wide range of dynamic possibilities...

It has long been an article of faith amongst regional economists that increasing returns to scale are necessary to explain the punctiform location of economic activity and population. However, there is no consensus in the empirical literature over whether returns to scale are constant or...

The property of an independent forward-solution in the general solution to linear dynamic RE models is lost where a bubble component has non-zero higher-order moments and where the implicit agents of the model are not risk-neutral. If the conditional higher-order moments are nonstationary, the...

When a mining company selects a site for development, the company begins a dialogue with the local community about receiving the necessary approvals for the mining permits. The dialogue focuses on how well the company can use science and technology to manage risk to the local environment, and on...

Over the last two decades, China has embarked on an ambitious program of expressway network expansion. By facilitating market integration, this program aims to promote efficiency at the national level and contribute to the catch-up of lagging inland regions. This paper evaluates the short-run...

A model of cumulative causation is extended to incorporate endogenous structural change. This is achieved via the use of a non-linear feedback of the growth rate on to the income elasticity of demand for exports. The result is a model that, under certain conditions, exhibits chaotic switches...

Roberts M. (2004) The growth performances of the GB counties: some new empirical evidence for 1977-1993, Reg. Studies 38, 149-165. This paper presents an empirical analysis of the growth performances of the GB counties between the late 1970s and early 1990s. Most notable amongst the findings is...