Was ist neu an der "Neuen Wachstums- und Außenhandelstheorie"? Und was bedeuten diese Neuerungen für die Entwicklungstheorie und -politik? Dies sind die zentralen Fragen, mit denen sich die Autoren in dem vorliegenden Band beschäftigen. Gegeben wird ein Überblick über die anläßlich der...

This paper evaluates the use of saving-investment correlations to measure capital mobility. It is argued that the intertemporal approach to the balance of payments predicts that the practice of calculating the correlation coefficient using long-term averages of saving and investment shares...

This paper assesses the consequences of a high degree of international capital mobility for the behavior of governments. It is argued that countries can be seen as clubs where the government as club management acts as an entrepreneur attempting to attract internationally mobile resources. Within...

The relative roles of factor inputs and productivity are estimated in explaining the level of economic development. For a large sample of countries, it is shown that international differences in factor inputs account for between two thirds and three quarters of international differences in...