We develop an empirical approach to examine static and dynamic knowledge externalities in the context of a regional total factor productivity relationship. Static externalties refer to current period scale or industry-size effects which have been labeled localization externalities or region-size effects known as agglomeration externalities. Dynamic externalities refer to the relationship betwee...

The expansion of trade in pre-industrial Europe led to a transformation of agriculture. It induced specialization to exploit comparative advantage as well as a restructuring of the process of production, with manorial agriculture giving way to an agriculture of family farms. Technological progress was not itself a driving force, but rather a consequence of this transformation. Merchants and urb...

Since 1975, the extent of catching-up has been very different across Southern regions. Starting from the common arguments of growth theory, the paper wishes to show whether differences in regional income and growth can be attributed to different endowment in human capital, differences in private or public investment level, to structural imbalances, and labour force participation. The investigat...

Against the background of large fluctuations in world commodity prices and global growth, combined with ongoing structural changes relating to globalization, this paper examines some of the key factors affecting global inflation. The paper empirically investigates various relative price and structural impacts on global inflation by: estimating a GVAR to examine how oil price shocks feed through...

This study examines the determinants of information and communications technology (ICT) use and access of low-income people in three developing countries: Colombia, Mexico and Peru. We focus on cross-country differences and similarities in ICTs use across gender, age, education and income, using two composite indicators of ICT. The main similarity across the countries is that education is by fa...