The disparity between the development paths followed by the economies of a limited number of countries, known as «emerging», and the bulk of the other developing countries has shown the limitations of previous development strategies. As a consequence, at the beginning of the 1990s, the...

The disparity between the development paths followed by the economies of a limited number of countries, known as 'emerging', and the bulk of the other developing countries has shown the limitations of previous development strategies. As a consequence, at the beginning of the 1990s, the question...

In this article we show that the picture emerging from models that allow for generalized parameter heterogeneity in convergence equations changes our view of the convergence process within the OECD. Estimation methods that allow for non- or partial heterogeneity stress the importance of...

The paper examines an issue related to the discussion of national specificity - whether the group of OECD countries are characterised by a high degree of stability of their export specialisation patterns at the country level or not. During a period of nearly three decades from 1965 to 1992, 20...

This paper is divided into 4 sections. 1) Deals with measurement issues and provides an overview of both the main statistical trend estimation methods as well as the more economically respectable production function approach. 2) Gives a detailed presentation of the potential output and output...

Romania's economic growth is a target that can be achieved only within the accordance of all the economic sectors with the Europe 2020 Strategy. As provided in the Convergence Programme 2014-2020, this objective entails a series of steps that Romania must rigorously follow in order to be able to...

Similar looking Lorenz Curves can imply very different income density functions and potentially lead to wrong policy implications regarding inequality. This paper derives a relation between a Lorenz Curve and the modality of its underlying income density: Given a parametric Lorenz Curve, it is...

Since the beginning of the 1990s, the question of institutions has been propelled to the top of the economic agenda. If the empirical literature has well documented the general relationship between institutions and development, attention is now being concentrated on the actual nature of the...

The paper examines an issue related to the discussion of national specificity: whether the group of OECD countries are characterized by a high degree of stability of their export specialization patterns at the country level or not. During a period of nearly three decades from 1965 to 1992, 20...

This paper draws attention to fundamental deficiencies in studies that have been relied upon as authoritative sources on patent grant rate comparisons among national patent offices. The two prominent studies analyzed here had employed erroneous methods to compare patent grant rates, resulting in...