The classic model of the Greek tourism product, sun, sea, ancient ruins, is no longer sufficient nor in all probability sustainable. Rival countries have a similar tourist market. This is why diversification of the tourism product and restructuring of supply are needed to face two considerable...

The paper considers a model of a federation with two heterogeneous regions that try to attract the capital by competing in capital income taxes and public investment that enhance the productivity of capital. The regions’ choices determine the allocation of capital across the regions and their...

"Despite the economic transformation of Peru's coastal economy, the country's inland region remains poor and underdeveloped. We herein examine the economic linkages between the two regions using a multi-regional computable general equilibrium model based on a regionalized social accounting...

This paper presents a model where the central government cannot ensure that regional governments manage risks prudentially, due to soft budget constraint. Competition for project funding induces the regional governments use financial instruments as commitment devices as a signal of prudential...

"For many years, governments and donors have promoted the generation of knowledge and technological innovations that improve farming and plant genetic resources in developing countries. Because of the “public good” nature of agricultural research for developing countries, it was assumed that...

This brief summarizes the book, Agricultural R&D in the Developing World: Too Little, Too Late?, edited by Philip G. Pardey, Julian M. Alston, and Roley R. Piggott. The authors of the brief look at topics such as: International spillovers of public agricultural R&D; patterns of worldwide public...

"Por muchos años, los gobiernos y donantes han promovido la generación de conocimiento e innovaciones tecnológicas para mejorar la producción y los recursos fitogenéticos en los países en desarrollo. A causa de la naturaleza de la investigación agrícola como “bien público”, en los...

This paper is an annual publication issued by the Microeconomic Analysis service of the National Bank of Belgium. The Flemish maritime ports (Antwerp, Ghent, Oostend, Zeebrugge), the Autonomous Port of Liège and the port of Brussels play a major role in their respective regional economies and...

The paper considers a model of a federation with two heterogeneous regions that try to attract the capital by competing in capital income taxes and public investment that enhance the productivity of capital. The regions' choices determine the allocation of capital across the regions and their...