Reviews the literature on economic development and discusses the growth performance of developing countries over the last 40 years. Comments on the relationship between agriculture and industry and considers the relationship between state, development strategies and international trade. Reviews...

Examines the evolution of the role of the Bank for International Settlements (BIS), created in 1930 to promote co-operation between central banks, into the arena of the Third World debt problem. The bank has extended loans to developing countries, such as Mexico, Argentina, Nigeria and Brazil...

Investigates the possible occurrences of patterns in macroeconomic policy targeting and instruments use in some less developed countries where unscheduled regime transfers may occur. The patterns are held to correspond to those stipulated by Hibbs in his Partisan Theory for advanced democracies...

Presents a model that is suitable for evaluating not only the total effects of financial intermediation on economic growth, but also the channels through which the effects are brought about. These two channels are: the externality of financial on the real sector and the inter-sectoral...

Using a differentiated oligopoly, this paper studies the effects of tax incentives on the structure of a domestic industry in terms of price, output, profit, and entry/exit, taking account of technology transfer through FDI. It is found that if the government of the host country provides more...

The purpose of this paper is to understand how the effect of the government size per capita on the steady-state level of output and on the growth rate differs between LDC’s and developed countries. It is shown that an increase in government size will increase the steady-state level of output...

Attempts to incorporate the “new forms” of foreign investment into a unified model. Uses this simple model to show how differences in production environment in particular, are likely to affect both the timing and mode(s) that any foreign investment is likely to take. The explanatory...

This paper tests the extended tax-smoothing model for a sample of 32 developing countries. Importantly, the testable implications employed relax the assumption of constant money velocity. Although seigniorage is an important source of revenue in developing countries, all the evidence indicates...