This paper investigates the growth experience of one country in detail in order to enhance our understanding of important factors that affect economic growth. Using a two-sector model, we identify the low productivity growth in the agricultural sector as the main reason for the divergence of income per capita between Turkey and its peer countries between 1968 and 2005. An extended model that in...

International trade of the goods and services has implications to environment via their effects on environment on production and consumption. Agriculture being closely linked with the natural environment the trade of agricultural products and the inputs required for agriculture affects the environment. This paper attempts to identify and analyze trade issues of environmental protection that mai...

In the first section the paper describes the weak position held by Africa in the global trade of goods and identifies key determinants of the region’s industrial performance. It goes on to outline shifts in the overall structure of international trade and production, together with the challenges they pose for Africa. It analyses the reasons for low productivity rates, points to missed export op...

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Online games increasingly sell virtual goods to generate real income. As a result, it is increasingly important to identify factors and theory of consumption values that affect intent to purchase virtual goods in online games. However, very little research has been devoted to the topic. This study is an empirical investigation of the factors and theory of consumption values that affect intent t...

the amount of impacts of changes in world prices on economic indices of a country can be studied focusing economy's openness level and volume of the country's interaction with other countries. the increase in world prices in recent years, in one hand and the consistent increase of domestic inflation in the other hand put special importance upon surveying the impacts level of the world...

This paper demonstrates that intermediate goods should not be taxed even in the presence of dividend payments to households, thus clarifying previous results. We also …nd that optimal government policy in a second best world may include stockpiles of output — private supply exceeds private demand, and the government purchases the surplus. This may provide a possible explanation for some agricul...

• Using rich micro-level data on hydrological and thermal conditions at the crop level, we estimate effects of water resources (renewable non-renewable) to produce export agricultural goods. We use these estimates analyze change in comparative advantage countries for a wide number goods between years 2000 2050. find that exports most vulnerable climate are less sensitive than other (indicating ...

The theory of neoclassical welfare economics largely shaped international and national agricultural policies during the Cold War period. It treated technology as an exogenous factor that could boost agricultural productivity but not necessarily sustainable agriculture. New growth theory, the economic theory of the new knowledge economy, treats technological change as endogenous and argues that ...