Mongolian economy has evolved rapidly in recent decades. It has a number of particular features which makes it interesting to study from a development perspective. One is the landlocked condition which limits its development potential. Another is its high dependence on a few products and natural...

In this article we investigate the effect of product market regulation on the international diffusion of productivity shocks. The results indicate that regulations that restrict competition slow the process of adjustment through which best practice production techniques diffuse across borders...

Twelve years into transition process, Serbia doesn’t have consistent, if any, let alone coherent economic development policy. This review is therefore aimed at Serbian (and alike transition countries’) policy-makers and stake-holders in an effort to distill the ever-green lessons available...

This paper shows how the ideas of Raúl Prebisch, from his early analysis of the Argentine business cycle to his in-depth view of the structural conditioning factors of growth in peripheral countries, have been guided by comprehensiveness and historical perspective. These two principles have...

Ireland’s remarkable economic growth during the last decades, following its successful peace treaties, has caught the attention of countries with ongoing internal conflicts, such as Colombia. The Irish case’s analysis must enable the extraction of valuable lessons regarding how –apart from...

A windfall in a developing economy with capital scarcity and investment adjustment costs facing a temporary windfall should be used to give more consumption to poorer present generations and to speed up development by ramping up public investment and paying off debt taking due account of the...

This paper compares the level of economic development in South Asia and East Asia, and explores the features of East Asian Development experiences and existing situation in South Asia. Several development indicators such as per capita income, human development index and millennium development...

This paper compares the level of economic development in South Asia and East Asia, and explores the features of East Asian Development experiences and existing situation in South Asia. Several development indicators such as per capita income, human development index and millennium development...

Extraordinary spread of new information and communication (ICTs) technologies has been recognized worldwide. ICTs are broadly perceived as tools facilitating economic growth and development, especially in economically backward countries. They are relatively easy and cheap to adopt, require...

Is tourism an opportunity for lagging countries in the elusive quest for growth (Easterly, 2002)? Recent empirical evidence suggests that the answer is a cautious yes. Aggregate cross-country data show that tourism specialization is likely to be associated with higher per capita GDP growth rates...