This paper summarizes the results of a book that examined the theory of the economic impact of colonialism, the economic policies pursued by colonial governments from 1800 to 1950, and the impact of these policies on economic growth, industrialization, literacy rates and stock of human capital...

With the rise of global value chains (GVCs) countries increasingly specialise in business functions rather than industries. Fragmentation of production processes across the globe into upstream and downstream stages also influences innovation along GVCs. Research has shown that technological...

This paper empirically investigates the potential determinants of business-sector R&D intensity using a panel of OECD countries for the period of 1970-2002 with data measured as five-year year averages. Estimates using a system GMM estimator controlling for endogeneity show a high degree of...

This paper empirically investigates the potential determinants of business-sector R&D intensity using a panel of OECD countries for the period of 1970-2002 with data measured as five-year year averages. Estimates using a system GMM estimator controlling for endogeneity show a high degree of...

In August 2022, the US Congress passed the Inflation Reduction Act (IRA), a comprehensive piece of legislation aiming to stimulate the US economy and to increase its resilience. At an estimated 430 billion euros, it is a massive government investment and spending program in the welfare state,...

Cross-country growth regressions have in recent years become a major growth industry. The most common purpose of this work has been to investigate the determinants of economic growth. But it is also possible to use the existing growth data to determine the extent to which policy choices help or...

After the Great Depression and throughout the rest of the twentieth century, Latin American countries basically approached economic development following two successive and quite opposed strategies. The first one was import substitution industrialization. The second was the so-called Washington...

Cross-country growth regressions have in recent years become a major growth industry. The most common purpose of this work has been to investigate the determinants of economic growth. But it is also possible to use the existing growth data to determine the extent to which policy choices help or...