This paper develops a Cournot duopoly in which a domestic firm competes with a technologically more advanced foreign-owned firm on the home market.

This article commemorates the 50th anniversary of the U.N. Economic Commission for Latin America by recalling Raul Prebisch, ECLA's first Executive Director, who hypothesized that developing countries on the periphery of the world economy were destined to remain suppliers of food and raw...

The emergence of a select group of developing countries as destinations for private portfolio investments in the 1990s (and the subsequent peso crisis in Mexico in 1994) has rekindled the old issues about the responsabilities and capacities public authorities have with regard to managing the...

This paper develops a theoretical model of direct foreign investment to analyze the changing role of regulatory policies in developing countries in the presence of globalization. The main result is that deregulation is an optimal responde to globalization, at least in countries that face a FDI...

This paper develops a Cournot duopoly in which a domestic firm competes with a technologically more advanced foreign-owned firm on the home market.

This publication presents an investigation of the relationship between public and private investment and the focus is on the quality of public investment, its interaction with corruption, and the resulting impact on private investment.

In 1997 the World Bank's two vice-presidents for Sub-Saharan Africa attributed a significant improvement in Africa's growth prospects to the advent of a new generation of leaders, replacing their "once largely statist and corrupt" predecessors. This paper begins by tracing the evolution of...

In this article, I examine the relationship between monetary and fiscal policies in a panel of 70 developing countries. I find that the size of the government's defict and the methods by which it is financed are strongly related to monetary policy reactions to increases in both government credit...

In 1997 the World Bank's two vice-presidents for Sub-Saharan Africa attributed a significant improvement in Africa's growth prospects to the advent of a new generation of leaders, replacing their "once largely statist and corrupt" predecessors. This paper begins by tracing the evolution of...

We address the issue of social distribution of an aggregate risk (on agricultural export price), in a macro-economic perspective. Individual incomes in representative social groups are computed as a function of export prices, which are assumed to be stochastic, using an applied general...