This paper examines macro-economic developments in Ethiopia between 2004/05 and 2008/09, focusing on the external accounts and the real exchange rate. Simulations using a Computable General Equilibrium (CGE) model of Ethiopia's economy show that, compared to a policy of foreign exchange...

US agricultural economic growth in this century has been characterized by a slow rise in the demand for food and faster growth in farm output as against nonfarm productivity. In such an environment, one expects the size of the farm sector to decline as a share of the rest of the economy. What is...

Ethiopia enjoyed remarkable economic growth from 2004/05 to 2008/09, in large part due to increases in foreign transfers and capital inflows combined with expanded domestic credit to fund major increases in private and public investments in infrastructure and housing. However, this rapid growth...

In this paper we develop a dynamic real-financial computable general equilibrium (CGE) model for Honduras that incorporates working capital. The model is designed to be useful as a development tool and to be used by policymakers who deal with short-run macro and trade issues. Our model extends...

Constructs and analyzes an index of industrial Production for Hungary between 1830-1913.

Considers the effect of non-stationarity on the analysis of the effect of banks on economic growth in Germany in the late-19th and early-20th centuries.

Argues that the decline in physical stature of the American population beginning with 1835 was related to the concomitants of the onset of modern economic growth and not entirely to changes in the disease environment.

Proposes an economic-growth model that adheres to the salient features of the European economies during the millennium prior to the Industrial Revolution and shows how the Industrial Revolution, generated by the model, can be conceptualized as an escape from the Malthusian trap.

Proposes an economic-growth model that adheres to the salient features of the European economies during the millennium prior to the Industrial Revolution and shows how the Industrial Revolution, generated by the model, can be conceptualized as an escape from the Malthusian trap.

A pervasive trend that characterised the past two decades of European economic growth is that the share in the economy of commercial services, and particularly business services, grows monotonically, and this mainly to the expense of the manufacturing sector. The structural shift reflects a...