The spectacular opening of the People’s Republic of China to the capitalist world market and the flourishing state of East-West cooperation-up to the Afghanistan crisis-show that cooperation with more advanced industrial countries in selected fields is seen as a promising means of speeding...

We estimate the degree of 'stickiness' in aggregate consumption growth (sometimes interpreted as reflecting consumption habits) for thirteen advanced economies. We find that, after controlling for measurement error, consumption growth has a high degree of autocorrelation, with a stickiness...

The goal of this paper is to provide the elements of a unitary analytical framework that incorporates the findings of two bodies of literature which, so far, havedeveloped independently: comparative models of the political economy that distinguish between coordinated and uncoordinated market...