This paper addresses the controversial issue of the direct and indirect effects of public R&D on growth. We look at six variables of R&D-driven growth jointly for 14 OECD countries using methods of dynamic systems for panel data analysis: GDP, technical change, domestic and foreign businesses...

"Front Cover" -- "Contents" -- "Acknowledgments" -- "About the Authors" -- "Abbreviations" -- "Chapter 1 Introduction" -- "Note" -- "Chapter 2 What Is a Small Economy?" -- "What Is a “Small” Economy?" -- "Differences in Economic Orientation among Small Economies in LAC" -- "Economic...

This paper embarks to analyse the role of exports and investment supposed to be major sources of economic growth in Asia Pacific. Therefore at first, the cointegration properties of exports, capital formation and GDP are examined in vector error correction models (VECMs). The results confirm the...

We evaluate explanations for why Germany grew so quickly in the 1950s. The recent literature has emphasized convergence, structural change and institutional shake-up while minimizing the importance of the postwar shock. We show that this shock and its consequences were more important than...