This paper, using a cumulative growth model and a catch-up model, verifies the cumulative relationship between IT investment and economic growth, and then examines whether this relationship enlarges the differences in the economic growth among OECD countries. We observe the following results:...

Studies of the inter-recipient allocation of aid may be categorized threefold. First, there are those which attempt to explain the observed allocation of aid. Second, there are those which seek to describe or evaluate the allocation of aid against normative criteria. Third, there are those which...

By globalization we mean an external shock; specifically an increased world demand for various goods (or bads) including the products and services which are illegal. We analyse the effects of these shocks on growth and capital stocks by utilizing two different models. The first examines an...

Warlords compete for turf that provides them with rents and ‘taxable’ resources but they can also offer a semblance of security within their respective territories. This article first examines two economic models of warlord competition. Because such competition takes place through the use of...

I model life expectancy in terms of physical and human capital and technology, the fundamental economic variables described by economic growth theories. For concreteness, the Solow model and a convergence club growth model by Howitt and Mayer (2001) are used as examples. I discuss how a multiple...

Globalization has drastically improved access of technological latecomers to advanced technologies and provides a unique opportunity for low-income countries to raise per capita income. This paper shows that low-income countries as a group have in fact substantially increased the GDP-ratio of...

The paper analyses credibility and reputation in the context of peace negotiations. Where war provides economic gains to one side, peace is not incentive compatible, and peace agreements will necessarily degenerate, as they become time inconsistent. Levels of conflict are an increasing function...

Customary rules governing access to land and other natural resources in village societies have characteristics that allow them to fulfil social security functions and achieve equity objectives. This is true of both common-property resources and land parcels held under individualized tenure....

Increasingly, immigration policies tend to favour the entry of skilled workers, raising substantial concerns among sending countries. The ‘revisionist’ approach to the analysis of the brain drain holds that such concerns are largely unwarranted. First, sustained migratory flows may be...