Journal Special Issue
The New Economy in Growth and Development
The benefits from the New Economy should accrue as improvements in productivity and economic growth. But while the use of information and communication technology (ICT) seems to have had a substantial impact on the performance of the United States...
Working Paper
Reform, Stabilization Policies, and Economic Adjustment in Poland
The mechanism and dynamics of the recent economic developments in Poland determine the mechanism and the implementation methods for adjustment programmes and stabilization policies. The syndrome of crisis phenomena in Poland is composed of three...
Working Paper
Understanding the African Growth Record
The current paper, first, finds that although the post-independence growth of African economies has fallen substantially below that of other regions, this comparative evidence is less than uniform across time and countries. Second, it uncovers total...
Working Paper
The Road to the Market in North Korea
North Korea's economic reform began in the mid-1980s. It was motivated by the increasing seriousness of the problems typical of centrally planned socialist economies.In general, the country's reforms have so far been limited both in scope and depth...
Journal Article
Entrepreneurship and human development
We provide a formal model of entrepreneurship in human development. The framework is provided by the capabilities approach (CA). Hence we extend not only the conceptualisation of entrepreneurship in development, but the reach of the CA into...
Working Paper
Gender Aspects of Urban Economic Growth and Development
The urbanization process is frequently shaped by prevailing constructions of gender. The recognition of this phenomenon is vital both in diagnosis and policy terms. This paper aims at illustrating the importance of gender in three major related...
Journal Article
Entrepreneurship is Not a Binding Constraint on Growth and Development in the Poorest Countries
Many economists claim that entrepreneurship is an important determinant of economic growth and development. In the sub-discipline of development economics however, entrepreneurship is largely absent from explanations of growth and development. This...
Working Paper
Viet Nam
In analyzing Viet Nam's recent economic adjustments, this paper attempts to distinguish events and policies that are properly assigned to the transition effort (defined as the process of increasing the market determination of economic outcomes) and...
Journal Article
A note on modelling economic growth determinants in the Dominican Republic
The article models economic growth determinants in the Dominican Republic. The exercise considers a panel of 25 candidate explanatory variables observed during the last three decades of the twentieth century. The time series are selected on the basis...
Working Paper
User Fees, Expenditure Restructuring and Voucher Systems in Education
The analysis of the optimal funding of education is complicated by the numerous and serious market failures which are likely to characterize a free market for education. Prominent amongst these are the likely external benefits of education, stressed...
Working Paper
The Political Economy of Complex Humanitarian Emergencies
This paper develops and tests five hypotheses regarding the economic causes of complex humanitarian emergencies (CHEs). We argue that: (1) such emergencies, involving large-scale deaths and population displacements, are most likely to occur when...
Working Paper
Decentralization and the Provision and Financing of Social Services
This paper is the fruit of an attempt to distinguish the elements, present in a fiscal decentralization process, that are likely to contribute to efficiency enhancement in the provision of social services in developing countries. From the...
Working Paper
The Investment Decline in Transition Economies
All centrally planned economies suffered from over-investment. Due to low capital productivity, reasonable growth rates in output could be maintained only with high investment/GDP ratios. Nevertheless, the sharp reduction in investment during...
Working Paper
The Process of Economic Change
A good deal is known about what makes for successful economic development, but very little is known about how to get there - that entails an understanding of the process of economic change. The paper first examines the sources of successful growth...
Working Paper
A Review of Welfare Changes in Asian Transitional Economies
In examining the welfare situation, this paper explores the relationship between economic changes and social development in Asian transition economies. Under the central planning system, achievements in human development in these countries were...
Working Paper
Poverty Alleviation during the Transition in Rural China
According to information issued at the World Food Summit held in Rome in 1996, about one fifth of the world's population is now living under the poverty line, and this number is increase by 25 million people in developing countries every year. For...
Working Paper
The Liberalization of Foreign Exchange Markets and Economic Growth in Sub-Saharan Africa
This paper analyses the rationale of interventions in foreign exchange markets in Sub- Saharan Africa and reviews exchange rate theory and balance of payments management and its application to African countries. It analyses the liberalization of...
Working Paper
External Liberalization, Economic Performance, and Distribution in Latin America and Elsewhere
As seen from the year 2001, economic policy in developing and post-socialist economies during the preceding 10-15 years had one dominating theme - external 'liberalization' or the drastic lowering or removal of long-standing barriers to almost all...
Working Paper
Does Educational Achievement Help to Explain Income Inequality?
In this paper we propose to measure the inequality of educational achievements by constructing a Gini index on educational attainments. We then use the proposed measure to analyse the relationship between inequality in incomes and educational...
Working Paper
Growth, Structural Change and Inequality
The impressive economic growth record of Thailand before 1997 was dominated by the increasing importance of modem industrialization, as well as the expansion of other sectors. This occurred at the expense of agriculture, which accounts for the...
Working Paper
The Impact of Financial Liberalization and the Rise of Financial Rents on Income Inequality
This study attempts to investigate and assess the impact of financial liberalization and the ongoing rise of financial rents on income distribution in the post-1980 Turkish economy. Our quantitative investigation of the dynamics of macroeconomic...
Working Paper
Reducing Poverty and Inequality in India
This study examines the empirical relationship among inequality, poverty and economic growth in India. Using data on consumption from the 13th to the 53rd Rounds of the National Sample Survey, the author computes, for both rural and urban sectors...