Utilizing a three-sector endogenous growth model, we study the effects of foreign direct investment (FDI) on the dynamics of urban unemployment, labor income and capital income as well as national welfare in a Harris-Todaro economy. It is shown that more FDI can affect the economy's dynamics and...

Seit Mitte der achtziger Jahre hat es eine große Auswahl von empirischen Studien über die Zusammenhänge von Wirtschaftswachstum und Wirtschaftspolitik gegeben. Die diesen Untersuchungen zugrundeliegenden theoretischen Modelle variieren jedoch erheblich, und auch die Zahl der in die...

The past decade has witnessed a decline in saving throughout the developed world—the United States has the dubious distinction of leading the way. The consequences can be serious. For individuals, their own economic security and that of their families is jeopardized. For society, inadequate...