The recent analysis of global population forecasts of the past 30 years by the US National Academy of Sciences (Bongaarts and Bulatao, 2000) confirms that errors have been considerable and that population forecasts have generally been upward-biased. We adapt a standard global economic model to...

We characterise “new economy” shocks as capital or skill augmentation, associated with the increasing prominence of computers in the capital stock particularly in the US, and an increase in US investment at least partially financed from abroad. A short-run comparative static analysis of...

In the past 15 years, the Indonesian economy has grown rapidly, and, since 1973- 1974, increased oil revenues have reduced foreign exchange constraints and allowed rapid increases in capital and consumer goods imports. Despite growth in the industrial sector, the subsistence oriented farm sector...