1. Introduction to economic development -- 2. European emergence -- 3. East Asian experience -- 4. Economies in transition : socialist to market -- 5. Sub-Saharan Africa -- 6. South Asia -- 7. Latin America -- 8. The Middle East and North Africa -- 9. Conclusions : what have we learned?

In studies of family migration in developed countries, it is implicitly assumed that a wife's market earnings are more difficult to transfer to a new location than her non-market household production. Consequently, employment and the level of market earnings of the wife seem to be negatively...

This paper examines the role of uncertainty and imperfect local knowledge in foreign direct investment. The main idea comes from the literature on investment under uncertainty, such as Pindyck (1991) and Dixit and Pindyck (1994). We empirically test .the value of waiting. with a dataset on...

This paper considers the aggregate performance of the banking industry, applying a modified and extended dynamic decomposition of bank return on equity. The aggregate performance of any industry depends on the underlying microeconomic dynamics within that industry . adjustments within banks,...

This paper considers the aggregate performance of the banking industry, applying a modified and extended dynamic decomposition of bank return on equity. The aggregate performance of any industry depends on the underlying microeconomic dynamics within that industry --- adjustments within banks,...

We analyze the properties of multiperiod forecasts which are formulated by a number of companies for a fixed horizon ahead which moves each month one period closer and are collected and diffused each month by some polling agency. Some descriptive evidence and a formal model suggest that knowing...

The analysis of technical efficiency in developing country agriculture is well established but has been overlooked for developing country commercial marine fisheries. Policies raising technical efficiency in agriculture are viewed as uniformly positive but are a mixed blessing in fisheries due...

Measures of multifactor productivity growth in natural resource industries are misleading without accounting for the effects on the environment. This paper introduces environmental effects into an output-oriented Malmquist index of multifactor productivity growth in order to evaluate growth in...