This paper presents the prospective sectors for further economic growth in Mauritius. We approach this by firstly tracing the historical development of Mauritius and providing explanations for the growth experienced. This is used as the basis for the analysis of the country’s current...

Although the 21stcentury has just begun, it is already possible to notice important differences from the precedent decade’s standard in the Brazilian economy. More precisely, from 2003 onwards, Brazil is passing through an incipient process of income distribution that is still modest to...

This paper addresses four main questions: firstly, it discusses some theoretical background related to the interest-exchange rate nexus; secondly, it makes an attempt to explain why the interest rate in Brazil is so high, examining briefly the main explanations for it; thirdly, it describes...

Microfinance institutions are considered to be a strategic tool for the poverty reduction in the developing countries. However, the methodological procedures to assess their impacts on the enterprise growth are scantly developed. This paper therefore intends to develop a conceptual and...

Besides the management of capital flows, some emerging economies have been facing policy dilemmas related to foreign (nonresident) and domestic (residents) operations of Foreign Currency (FX) derivatives in the post-global crisis setting. In a context of abundant liquidity and historical low...

This paper explores patenting and licensing of public funded inventions in Germany in order to capture nuances underlying the institution of IPR in the context of public funded research. We look at two mechanisms in Germany that concerns patenting and licensing of publicly funded science. The...

The challenges for the Russian Federation development have been studied in the article by examining the role of the country in the international merchandise trade, trade in services and FDI flows; the evolution of Russian trade patterns by geographical structure and by industries; the...

The working paper critically examines trade policy of Belarus in 2006-2010 in the context of national, regional and international trends of economic activity. The paper analyses basic features of import substitution industrialization relevant for Belarus. There are summarized basic trends of...

This study analyzes the expected impact of the implementation of a Customs Union between Guatemala and El Salvador on the latter’s economy. In order to do so, the main implications of moving from a Free Trade Area to a Customs Union are examined: CET establishment (with special attention...

The paper utilizes a model of endogenous growth with vertical innovation (´a la Aghion-Howitt) to examine how the inclusion of a production related pollution externality affects the prospect for long-run growth of a closed economy. It is derived that the social optimum exhibits the...