This paper explores the importance of Dutch investments in the US manufacturing industry over the period 1950-1995.Until the mid-1970s Dutch investments, though considerable, were primarily concentrated in the petroleum sector and therefore natural-resource seeking in nature. Dutch MNEs have...

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Globalisation has resulted in the increased mobility and knowledge intensity of the ownership advantages of MNEs, which they increasingly seek to utilise in conjunction with the created-asset intensive location advantages of countries. We highlight that that the relative opportunity sets (and...

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This paper will present a multi-region-multi-country model in which inter-regional knowledgespillovers determine the growth of regions. Key parameters in the model are the learningcapability of a region, and the exogenous rate of knowledge generation (R&D). The intensityof spillovers depends on...

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We show that, with benevolent policymakers and fiscal leadership, monetary unification reduces inflation, taxes and public spending. These disciplining effects of a monetary union, which rise with the number of fiscal players in the union, are likely to raise welfare. Joining an optimally...

In this paper, the experience of OECD countries with public management reform, as has been attempted since the nineteen seventies until now, is discussed. In particular we focus on the lessons which can be drawn from public management reform attempts in English speaking countries on the one hand...

This paper explores under what conditions a European Monetary Union (EMU) is an optimum currency area. The scope for an EMU increases with convergence of structural and fiscal policies, small money holdings, a conservative European Central Bank, and dependent national central banks. How national...