Η Εθνική Αποταμίευση κατά την περίοδο της εικοσαετίας 1990-2010 εμφανίζεται συνεχώς μειούμενη. Οι αιτίες αυτού του φαινομένου μπορούν να εντοπιστούν τόσο στα...

Many of the present difficulties of the world economy have been blamed on the two oil-price explosions of the 1970s. Professor Chichilnisky shows that, at least in the case of the oil-importing developing countries, the negative effects have been overestimated. In fact, in some respects the oil...

Do adjustment policies assist or retard growth? This paper presents data on economic performance (aggregate and sectoral growth, inflation, investment and external account) for 20 countries. The data are classified on an annual basis according to the country’s policy stance in that year:...

Panel data on 54 developing countries between 1960 and 2000 are used to investigate how the impact of opening to trade on economic growth is affected by wealth inequality. The results suggest (a) that opening to trade tends to accelerate growth but (b) that the addition to growth depends...

Today's rapid and profound international evolution requires an update of the development agenda. As East-West relations alter radically and forge history, new trends in global capital markets; telecommunications and new technologies erode inexorably the old structures and alter permanently the...

The aim of this paper is to show how and why is possible to assess both direct and indirect effects of exogenous income injections on mean income of different household groups using a new approach based on the decomposition of SAM-based multipliers. The approach we propose in this paper allows...

Since 1950s, most African nations have gained independence from their colonial powers. Fortunately, independence has brought many changes to these nations and these include multi-party democratic government and western education systems. Unfortunately, the Africa’s economy is the least...

Zak & Knack (2001) demonstrate that interpersonal trust substantially impacts economic growth, and that sufficient interpersonal trust is necessary for economic development. To investigate the ability of policy-makers to affect trust levels, this paper builds a formal model characterizing public...

Corruption increases inequality in the society (Gupta et al, 1998) by reducing economic growth, biasing the tax system, reducing the amount and the efficiency of spending on key areas for human capital formation. Mohtadi and Roe (2002) and Mohtadi and Agarwhal (2002) argue that democracy first...