This paper develops and estimates a small new-classical model of the Greek economy using annual data from 1954 to 1980. The model is "monetarist" as the demand for output is derived from the demand for money function. In this model output is affected only by actual and anticipated monetary...

Purpose – The purpose of this paper is to extend the existing literature on cross-country disparities by providing measures of cross-country inequality in human development index (HDI) and real income per capita over the 30-year period 1975-2004. Design/methodology/approach – A...

Two widely-cited measures of outward orientation are constructed for the 1990s to estimate growth regressions of the kind reported by Dollar (1992) for 1976-1985 and Ram and Yang (1998) for 1985-1990. Indexes of outward orientation and regression estimates are compared for the three periods. Ten...