Polish small firm development has been impressive in the 1990s. However regional differences in macro-economic development have widened and have been accompanied by regional differences in small firm development at the micro level. The findings of a survey of the Polish small firm stratum reveal...

This paper uses multivariate time series methods to investigate convergence of Chinese real GDP per capita at regional and provincial levels over the period 1952 – 2001. We reject convergence across regions. However, we find evidence of common trends among the provincial real incomes within...

We develop a Ricardian trade model with a continuum of goods that are ordered according to priority in consumption. Go o ds at the lower end of the spectrum are consumed by all households and when income increases households add higher-ranked goods to their consumption baskets. We apply this...

We employ a North-South endogenous growth model with two factors of production in which the North invents new pro ducts and the South imitates. We use this model to explore the impact of stronger IPRs on interregional as well as intraregional distribution of welfare. We find that the overall...

The failure of the left intellectual opposition to have a major impact on British political and economic life in the post war world is largely due to underlying weaknesses in its conceptual framework. As can be seen in this group’s critiques in the 1970s and 1980s of Labour’s Alternative...

Employing a probit and Logit model, this paper demonstrates that small firm development, conceived of in terms of structural, behavior and performance features, is correlated with regional location in Poland. Regional GDP is also shown to be polarizing. The paper uses original data that samples...

Economic development connotes the complex process of structural and institutional changes by which poor countries attain the standard of well-being associated with the rich nations of the world. The measurement of economic development will begin with economic growth (the growth rate in national...

We study the impact of ambiguity on financial intermediation in an economy where agents have random liquidity needs. The ambiguity the agents face is modeled by the degree of confidence in their additive beliefs. We compare an optimal liquidity allocation with the allocation achieved by trade in...

Using a simple model with two levels of skill, we assume that high-skill workers who fail to get high-skill jobs may accept low-skill positions; low-skill workers so not have the analogous option of filling high-skill positions. This asymmetry implies that an adverse, skill-neutral shock to...

This paper investigates the information content of money, exchange rates, and foreign variables on real income and prices in the Dominican Republic. The results show that the change in the exchange rate -adjusted to account for financial conditions in the US- is a robust predictor of both real...