Although some theoretical models support the need to protect infant industries, empirical research finds no evidence that such a policy is effective and mainstream economics does not embrace the idea. Empirical research may not be robust, however, and ideology may account for some economists’...

The purpose of this paper is to ascertain the degree of importance of governance, which has in recent years been emphasized in the field of development economics as a factor contributing to economic development, in Japan's postwar reconstruction during the period 1945 to 1955. In addition, in...

There are two datasets, one compiled by the Organization for Economic Co-operation and Development (OECD) and the other by the World Bank, containing data on Official Development Assistance (ODA). After examining them closely, we found that there are discrepancies between the two. This article...

This paper analyzes the differences between real gross domestic product (GDP) per capita data using purchasing power parity (PPP) with World Development Indicators (WDI) and the Penn World Table (PWT). While these indicators are frequently used by researchers and the mass media, the differences...