In this paper we study the dynamics of economic growth for 140 countries during the period 1951-2003. The variables representing economic performance are levels and growth rates of per capita GDP. Using the concept of economic regime, we introduce a notion of distance between the dynamical paths...

This paper studies the impacts on economic growth of a small tourism driven economy caused by an increase in the growth rate of international tourism demand. We present a formal model and empirical evidence.The ingredients of the dynamic model are a large population of intertemporally optimizing...

The commodity prices have boosted in the last years and many possible causes have been mentioned (dollar weakness, China's economic growth, oil prices, speculative bubble, agriculture productivity declining). Despite the recent crisis, some developing countries have presented a good performance...