While international patent law harmonization has been an issue in progress since the conclusion of the Paris Convention in 1883, it is facing new challenges due to the increasing dependence on patents in the knowledge-based economy and the growing sensitivity to the patent system's social and...

Abstract The paper studies the effects on factor prices and welfare of the integration in a perfect world capital market of countries that differ in the degree of funding of their pension systems. It focuses on two large economies running respectively a pay-as-you-go and a fully funded pension...

Purpose – This purpose of this paper is to investigate the relationship between workers' remittances and economic growth in China and Korea. Design/methodology/approach – This paper has employed annual time series data over the period of 1980 to 2009. Johansen and Jeuuselius's cointegration...

Purpose – The purpose of this paper is to econometrically examine whether indigenous enterprises can upgrade under open economy by using micro-firm data. Design/methodology/approach – In order to make clear the impact of outward development on the indigenous manufacturing export enterprises'...

Purpose – The purpose of this paper is to examine empirical characteristics of two commonly mentioned expressions of international financial crisis, “sudden stops” and currency crises. Design/methodology/approach – Sudden stop and currency crisis events are identified and empirical...

Purpose – The purpose of this paper is to examine the macroeconomic impact of migrant workers’ remittances on economic growth in four developing Asian countries namely: Bangladesh, India, Pakistan and Sri Lanka. Design/methodology/approach – This study utilizes annual time series data over...

Abstract An expression for the welfare cost of a marginal increase in the public debt is derived using a simple AK endogenous growth model. This measure of the marginal cost of public funds (MCF) can be interpreted as the marginal benefit-cost ratio that a debt-financed public project needs in...

Abstract Different industrializing experiences beginning on innovation or education could be explained not only by different structural parameters or policies but also by differences in factor endowments. In this paper, we consider an endogenous growth model with physical capital, human capital...

Is it politically feasible for governments to engineer endogenous growth? This paper illustrates two reasonable political decision mechanisms by which fiscal policy generates endogenous growth with a single accumulable factor, and a constant returns to scale production technology without...

Abstract This paper extends a model of endogenous growth through the introduction of a component of knowledge that makes new technologies more productive than older vintages. Creative destruction or obsolescence of technologies underlies the growth process. In this setup, the growth effects of...