Since the break-up of the Bretton Woods fixed exchange rate system in the early-1970s, there has been a protracted search for a credible nominal anchor. This article examines the experiences of several industrial countries who have experimented with monetary targets, exchange rate targets and...

The paper analyzes the appearance of knowledge in growth theory in relation to some fundamental notions in epistemology and the philosophy of science. Based on a brief account of epistemological theory, I discuss the treatment of knowledge in growth models starting from Solow (1956). My results...

This paper presents a comprehensive picture of China?s regional inequality from 1952 to 1999 using newly released data on consumption and gross domestic product (GDP) at the provincial level. Although there are many studies on regional inequality in China, this paper is the first attempt to...

This article presents three league tables for the research output of United Kingdom economics departments. We base these tables on the numbers of articles published, each table with different emphasis. The first table values all published articles equally; the second table is based on the...

Using data from the Fourth National Survey of Ethnic Minorities, English language fluency is shown to have an important influence over the level of earnings that ethnic minorities are able to command within the employee labour market. There is also evidence to suggest that language fluency has...

This paper analyses the reasons why, despite the ascendancy of ?liberalising? neo-classical economics in the 1980s, many Indian economists have remained determinedly resistant to the IMF/World Bank pro-stabilisation and structural adjustment arguments that so dominate global political economic...

There is an awareness amongst teachers of economic modelling that new teaching methodologies and pedagogies are needed. This paper examines the weaknesses of traditional teaching methods and suggests that System Dynamics would be a useful supplement to the learning process for typical economics...

The l998 Competition Act introduced important changes to UK competition policy after years of concern that UK competition law was in need of reform. The new Act harmonises UK law with European Union legislation on restrictive practices and abuse of a dominant position. At the same time, UK...

The 1980s and early 1990s have witnessed the proliferation of multinational enterprises from developing countries (MEDCs), which are also becoming more significant players in the industries in which they participate. In this paper we identify and examine the locational characteristics of these...

This paper examines the changing trends in enrolments on economic degrees in the UK. Other recent studies in this area are reviewed and a survey of admissions tutors is used to identify the most important factors contributing to the decline in applications.