In endogenous growth theory models have either increasing or constant ranges of product variety. Developments in modem biotechnology however show cases of increasing, decreasing or constant ranges of product variants. We present a simple endogenous growth model allowing for all of these three...

This volume contains a collection of studies examining trade-related issues negotiated in regional trade agreements (RTAs) and how RTAs are related to the WTO's rules. While previous work has focused on subsets of RTAs, these studies are based on what is probably the largest dataset used to...

This innovative book examines the development and evolution of biotechnology in industrialised and developing countries.

This article focuses on a growth model in which (unlike other models) low (high) export demand elasticities and the fact that developing countries are importers of capital goods help explaining the slow (high) growth of these countries in the transition and in the steady state. The question...

BASU [1991], in his introduction, argues that the 1982 debt crisis can be interpreted as a transition from loan pushing to credit rationing induced by an interest shock. He analyzes how in international lending there can be equilibria with credit rationing and with loan pushing. He, and in fact...