Total factor productivity plays an important role in the growth of the economy. Using recently available state level data over 1993 and 2005, we find widespread regional variation in productivity changes. In the beginning of the liberalization era, improvement in technical efficiency contributes...

For various reasons ? empirical, technical and casual ? modern (neo-classical) growth theory has centered its attention on steady-state exponential growth. When the models are intented to serve as a guide to policy, the tacit presumption is that the goal of growth policy is to increase the...

This paper outlines the elements of a development-targeted economic framework aimed at creating decent employment opportunities as a strategy for realizing core human development goals in Africa. Four policy areas form the core of the paper: monetary policy and inflation, exchange rate policy,...

Development is the upward directional movement of society from lesser togreater levels of energy, efficiency, quality, productivity, complexity, comprehension,creativity, enjoyment and accomplishment. These attributes are both the means for achievingdevelopment as well as its most characteristic...

In this paper I have proposed to address/approach new dimensions of management in the economic crisis at the strategic and tactical levels, and in particular at the operational level. I have presented aspects/issues of the economic crisis in our country, by characterize the impact of crisis on...

America is at the half way of the road and the time of the definitive imposing seems to have arrived. After a world-wide bi-polar power system (SUA-URSS), it can pass to a unique-polar power system avoiding a multi�polarities system dangerous at world-wide scale. Pax Americana remains a main...

The success of the integration process of the new EU Member States is reflected by their nominal and real convergence performance. These tendencies are of special importance considering further enlargement of the Eurozone. The financial and economic crisis of 2008 has resulted, however, in a...

This paper focuses on two separate issues. First, the expenditure response of Finnish municipalities to price and income changes during the matching grants period is examined. Second, the existence of the so-called "flypaper effect" under the formula-based grant period is tested. Two panel data...

This paper employs ordinary least squares (OLS) estimation to examine the determinants of foreign direct investment (FDI) and the effect of FDI on per capita GDP growth in Bolivia over the period 1990:1-1998:4. The regression results find that the real effective multilateral exchange rate, the...

This study builds on the existing literature by investigating the long-run locational determinants of FDI flows to Pacific Asia under the broad categories of cost-related, investment environment improving, macro-economic and the political ideology factors of the host country.