In this paper we develop a simple neoclassical growth model with perfect internationalcapital mobility to analyze the international debt dynamics of developing countries ingeneral and Brazil and Argentina in particular. We show that three different regimes canbe distinguished: a stable steady...

This paper presents some information on issues that have some importance for those who try to learn from the economic policy of the Netherlands. In particular we discuss the following questions. i) Does growth in the Netherlands differ from that of other Western European countries? ii) In which...

In this paper we develop a simple neoclassical growth model with perfect internationalcapital mobility to analyze the international debt dynamics of developing countries ingeneral and Brazil and Argentina in particular. We show that three different regimes canbe distinguished: a stable steady...

This paper argues that the East Asian success stories do not owe their growth toliberalised markets and laissez faire industrial policies, but to industrial developmentstrategies that share several similarities to the import-substitution industrialisation (ISI)approach. There are, needless to...

The growing presence of multinationals from developing countries (DC MNE''s) has drawn some criticism regarding their ability to transfer technology. This paper seeks to examine whether, in the case of Nigeria, such MNE''s utilise similar technology to that of Nigerian firms, and the...

American manufacturing exports became increasingly resource-intensive over the very period, roughly 1880-1920, during which the U.S. ascended to the position of world leadership in manufacturing. This paper challenges the simplistic view that the resource-intensity of manufacturing reflected the...

In order to identify, assimilate and exploit knowledge spill-overs from technological leaders, lagging countries need absorption capability. The main determinant of absorption capability is the organisation of R&D personnel. Relatively more research scientists and engineers must be employed in...

This paper builds a general equilibrium model of endogenous growth outside the representativeagent framework to show that when individuals are heterogenous, persistent inequality will bethe result of economic growth. Individuals are assumed to be born with different abilities, whichwill lead to...

The purpose of the paper is to show that, from a growth perspective, government resources can be spent in two different ways. Resources can be allocated to uses which support growth, and to uses which generate growth. We take the provision of health services as an example of the first type of...

Using a case-study approach, this study examines the role of privatisation on the industrial landscape of Tanzania. We examine the impact of FDI through acquisitions on technology transfer within the acquired firm as well as the development of linkages to other firms based in the host country....