We document regularities in the distribution of relative incomes and investment patterns across countries. We develop a quantitative version of the neoclassical growth model with a broad measure of capital in which investment decisions are affected by distortions. These distortions follow a...

Specializing in tourism is an option available to a number of less developed countries and regions. But is it a good option? To answer this question, we have compared the relative growth performance of 14 "tourism countries" within a sample of 143 countries, observed during the period 1980-95....

Theoretical and empirical studies show that deindustrialisation, broadly observed in developed countries, is an inherent part of the economic development pattern. However, post-communist countries, while being only middle-income economies, have also experienced deindustrialisation. Building on...

Economic growth within countries varies sharply across decades. This paper examines one explanation for these sustained shifts in growth - changes in the national leader. We use deaths of leaders while in office as a source of exogenous variation in leadership, and ask whether these...

Digitalisation can be described as a sequence of technology and supply shocks which affect the economy through employment and labour markets, productivity and output, and competition and market structure. This paper focuses on how digitalisation - the process of diffusion of digital technologies...

Cross-country growth regressions have in recent years become a major growth industry. The most common purpose of this work has been to investigate the determinants of economic growth. But it is also possible to use the existing growth data to determine the extent to which policy choices help or...

The contemporary division of production in the global economy poses challenges typical for dependent market economies of the Visegrád countries (V4: Czechia, Hungary, Poland, and Slovakia). This comparative study explores whether the foreign trade of V4 with Germany contributes to their...

In this paper I simplify the modeling of transitional dynamics and empirically explain why so many developing economies have seen their per capita income diverge from that of most OECD economies. I also provide evidence that strongly supports conditional convergence among the sample considered...

Russian: В современной науке полностью принято, что ИКТ (информационно-коммунмкационные технологии) являются особенно важными побудителями, делающими возможными...