The challenge of developing countries that have natural resources is to attract international investors for the valuation of that wealth and to get a « fair » share of oil revenue. So, the « design » of the oil tax system determines the level of resource exploitation and the oil...

The past two decades have witnessed many episodes of economic reform across the developing world. Although initiated with popular enthusiasm, sustaining and completing these reform packages has turned out to be much more difficult, with policymakers having to `walk the line' between success and...

Most of the currently existing endogenous growth models were developed within and for industrial countries, i.e. for a well endowed world. Most developing countries, especially in Africa, however, have low capital endowments, low rates of capital accumulation and low technological capabilities....

Using a unique dataset comprising information for over 900 firms in the machine building sector in Belarus, we investigate the determinants of firm growth for an economy where state ownership of enterprises is widespread. We use panel data models based on generalizations of Gibrat's law, total...