Technology spillovers o¤er great opportunities for economic growth to developing countries that do little, if any, R&D activity. This paper explores the extent to which these countries bene…t from foreign technology, the di¤usion mechanisms involved, the factors that shape their absorption capabilities, and the sources of heterogeneity in the spillover gains. Results based on a non-stationary p...

Introduction & Context Trade by its very nature enables specialisation, exploits economies of scale, and generates competition in markets. This results in efficient allocation of resources and enhancement of productivity, which are at the heart of economic progress. Some highlights from recent studies on trade liberalisation and its impact on economic growth and development are as follows: • A ...

This paper develops a one-sector endogenous growth model in which renewable natural resources are postulated as both a factor of production and as a measure of environmental quality. We show that sustained economic growth and a non-deteriorating environment can coexist along the economy’s balanced growth path. Moreover, the output growth rate is positively related to the steady-state level of n...

The discussion of universities and democracy has conventionally dealt first and foremost with the curriculum, or with the spirit of openness and tolerance which characterizes the scientific inquiry. In this article I have added a discussion of the situatedness of knowledge and knowledge production, and, consequently, a discussion of the situated character of other roles of the university, inclu...

Experience economic growth has become a recommended strategy for urban survival and growth for small towns. This is also the case in Denmark, where the city of Frederikshavn is an outstanding example, where many experience projects have seen the light of the day. It is a question, however, on what basis such a development should take place? To highlight this question this paper analyses four fl...

This article adopts the point of view that China’s development policies can only be appreciated if they are considered by applying perspectives from institutional economics. This requires attention to be given to the historical, political and cultural context in which its economic development has occurred. Therefore, this article gives attention to the political events leading up to China’s dec...

In this paper we estimate the proximate determinants of economic growth in four major economies of South Asia with special emphasis on the role of institutions in conjunction with stock of physical capital, human capital and openness (measured as trade as percentage of GDP) as major predictor variables. World Governance indicators are available since 1996; therefore, we run a panel regression u...

__________________________________________________________________ Following its opening to trade and foreign investment in the mid-1980s, Mexico’s economic growth has been modest at best, particularly in comparison with that of China. Comparing these countries and reviewing the literature, we conclude that the relation between openness and growth is not a simple one. Using standard trade theor...

We document a negative relationship between average growth and average volatility in a cross-section of countries. We then provide an interpretation of this result using a robustness (RB) version of the Obstfeld (1994) model of financial diversification and openness. Incorporating a preference for robustness can generate the observed negative relationship between growth and volatility of real G...

In this paper an ex-post measurable definition of globalization has been used, namely increasing trade openness and FDI. A general result is that the optimistic HeckscherOhlin/Stolper-Samuelson predictions do not apply, that is neither employment creation nor the decrease in within-country inequality are automatically assured by increasing trade and FDI. The other main findings of the paper are...