Zusammenfassung Der vorliegende Artikel verfolgt die Zielsetzung, im Kontext langfristig global erodierender, komparativer Wettbewerbsvorteile von Entwicklungsländer-Destinationen auf theoretisch-konzeptioneller Basis Möglichkeiten zur Institutionalisierung von nachhaltigen...

It is generally acknowledged that domestic investment boosts economic growth, yet the impact of foreign direct investment (FDI) is not as clear, with some studies suggesting the need for a miniumum threshold level of development in order for FDI to be beneficial. In this paper we conduct an...

Purpose – The purpose of this paper is to test the hypothesis that there exists a positive link between financial development and economic growth in island economies. Design/methodology/approach – To study this relationship both static and dynamic panel data techniques (GMM) are used for a...

Recent studies on the welfare implications of internationally mobile capital for a country employing commercial policy have been restricted to constant‐returns‐to‐scale (CRS) production models. It is generally concluded that the pursuit of such policies is welfare‐decreasing under CRS...

Reviews the literature on economic development and discusses the growth performance of developing countries over the last 40 years. Comments on the relationship between agriculture and industry and considers the relationship between state, development strategies and international trade. Reviews...

Investigates the possible occurrences of patterns in macroeconomic policy targeting and instruments use in some less developed countries where unscheduled regime transfers may occur. The patterns are held to correspond to those stipulated by Hibbs in his Partisan Theory for advanced democracies...

Presents a model that is suitable for evaluating not only the total effects of financial intermediation on economic growth, but also the channels through which the effects are brought about. These two channels are: the externality of financial on the real sector and the inter‐sectoral...

The purpose of this paper is to understand how the effect of the government size per capita on the steady‐state level of output and on the growth rate differs between LDC’s and developed countries. It is shown that an increase in government size will increase the steady‐state level of...

Purpose – The purpose of this paper is to study a little researched relation: the relation from economic growth in a less developed country to the development aid it receives. Does economic growth influence donor aid allocation decisions? Design/methodology/approach – The authors’ apply...