The World Bank's Millennium Capital Assessment (MCA) has provided per capita estimates of total wealth and its major subcategories for a large number of countries. In this article, these macro-level estimates are used to explore bivariate cross-country ‘wealth--happiness’ relationships,...

This article uses gravity models to explore the impact of the General Agreement on Tariffs and Trade (GATT)/World Trade Organization (WHO) on bilateral trade in a sample of 46 countries over the period 1965 to 1997. Our data enable us to disaggregate trade by broad commodity aggregates. The...

Bruno and Easterly (1998) provide a simple historical description of per capita GDP growth rates before, during and after periods of high inflation crises. The pattern of growth shows resurgence in after-crisis growth to above the before-crisis level. The robustness of this finding is tested...

This study tests and compares the two major approaches to the modelling of human capital in growth regressions, i.e. the Lucas and the Nelson-Phelps approach, in the context of developing country models with international knowledge spillovers. On balance, the results seem to favour the...

This study explores the link between R&D intensity and trade performance for Australian manufacturing in 1989--90. Net export, export and import intensity equations are estimated. Net export equations are also corrected for trade imbalance, which has been shown significantly to improve the...