Developing and administering disciplines on the use of subsidies is one of the most difficult areas of international economic policy and rule making. It is also one of the most pervasive problems in international trade. Subsidization has taken on new prominence in the economic policy toolkit as...

Technological creation and mass production are usually associated with large-scale production, while technological absorption is found more often in small-scale, competitive firms. Thus, the link between the innovative and absorptive sectors defines a technological and market power gradient that...

Objective - Inequality of regional income, government expenditure and government revenue can show the performance of these variables in improving the economic and non-economic conditions of each region. Previous literature discusses, in part, the inequality among these three variables. This...

This study examines the effects of selected policies on economic efficiency in 81 developing countries by pooling cross-country data over various subperiods between 1961-90. An incremental output-capital ratio is the measure of economic efficiency, while the policy variables include: export...

This paper presents a simple simulation model that enables the formulation of a consistent growth-oriented, medium-term adjustment program. The applied version is available in Excel (using data for El Salvador) and can be used directly as a financial programming tool that provides a range of...

Following very high inflation rates at the beginning of the reform process, most transition countries have succeeded in lowering their inflation to more moderate rates. Inflation rates in the Baltics, Russia, and other countries of the former Soviet Union are now typically in the range of 10-60...

English Abstract: The present study analyzes from a macroeconomic perspective the relationship between agriculture and industry in an underdeveloped economy with duality in the agricultural sector. It examines the determinants of industrial production and the terms of trade in this...

This article is about the metamorphoses of aggregate Indian wealth over fifteen politically transformative decades. Based on a comprehensive new database, I find that wealth-income ratios have fluctuated by large margins in the twentieth century. In emerging India of the twenty first century,...

ARC(advance-retreat course) is an analysis theory and method which aims at socio-economic development issues. The main viewpoint of ARC theory is that the human can design and implement his economic strategies initiatively, and the environment synthesized by various objective factors has to...