This paper surveys the literature on external debt which has developed over the past decade. Initially this literature emphasized the intertemporal nature of the balance of payments, and reflected the view that balance of payments movements were an equilibrium phenomenon reflecting either...

Rules of origin form part of the traditional trade policy landscape. They are necessary for any government that seeks to distinguish between different foreign sources of supply of a product. This paper provides a basic introduction to the conceptual issues that arise in this area. It discusses...

The paper uses Italian daily data from January 1991 to July 1992 (a period in which the lira belonged to the narrow EMS band without foreign exchange controls) to measure the relationship between liquidity and interest rates. The high quality of the data allows us to separate that part of...

This paper studies the generation and the transmission of international business cycles in a multi-country model with production and consumption interdependencies. Two sources of disturbances are considered and three channels for propagation of shocks are compared. Simulations are performed for...

This paper presents a critical survey of theories of migration, their welfare and policy implications and their empirical relevance. We also develop some extensions to the theory beginning with a general encompassing model of migration which treats the Harris and Todaro (HT) model as a special...

In this paper we evaluate quantitatively the impact of mass emigration from Ireland between the 1850s and the first World War on Irish real wages. We produce new estimates for several occupations which show that, contrary to some accounts, real wage growth in Ireland was respectable by...

The purpose of this paper is to evaluate the relative importance of deviations from competitive behaviour, both in product and in labour markets, in the determination of sectoral employment growth in Italy during the last forty years (1951-90). This is done with the help of a two-sector...

The collapse of the CMEA completed the Hungarian trade reorientation during the second half of the 1980s. Panel model estimations of trade reorientation reveal that cost efficiency, export subsidy and foreign demand played important and varying roles between 1981 and 1990. During the last two...

This paper examines how economic stratification affects inequality and growth over time. It studies economies where heterogenous agents interact through local public goods or externalities (school funding, neighbourhood effects) and economy-wide linkages (complementary skills, knowledge...

Following an account of the perceptions among Irish policy-makers since the second world war of the contribution of education to economic development, this paper examines the performance of the Irish economy in the framework of a model of exogenous growth incorporating human capital formation....