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...

Several recent studies, including those by Pindyck (1991), Pindyck and Solimano (1993), Dixit and Pindyck (1994), Episcopos (1995), and Abel et al. (1996), suggest an important linkage between the effect of uncertainty on investment and the irreversibility of the latter. This paper broadly...