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on Central and Western Asia |
| By: | Ajit Singh; Sonja Fagernäs |
| Abstract: | This paper documents and analyses the volatility of economic growth in rich and poor countries. It concludes that whereas volatility has declined almost universally in advanced countries, the picture is more mixed for developing countries. The paper then concentrates on the case of India, where GDP volatility has declined over the past two decades. The evidence shows that the move away from agriculture has stabilised the economy. Increased financial depth and more favourable developments in terms of trade have had a similar effect. Finally, the paper discusses the relationship between economic instability and insecurity at a general level. |
| Keywords: | Volatility, GDP growth, globalisation |
| JEL: | F01 |
| Date: | 2006–06 |
| URL: | http://d.repec.org/n?u=RePEc:cbr:cbrwps:wp328&r=cwa |
| By: | Sukti Dasgupta; Ajit Singh |
| Abstract: | This paper uses a Kaldorian framework to examine the evidence of deindustrialisation in developing countries at low levels of income, the jobless growth in these economies and the fast expansion of the informal sector. The questions are specifically examined for the Indian economy using state level data, but the analysis has a wider application for economic policy in developing countries. |
| Keywords: | De-industrialisation, Manufacturing, Services, Jobless Growth, Developing Countries |
| Date: | 2006–06 |
| URL: | http://d.repec.org/n?u=RePEc:cbr:cbrwps:wp327&r=cwa |
| By: | Christa N. Brunnschweiler (Center of Economic Research, Swiss Federal Institute of Technology Zurich (ETH)) |
| Abstract: | Since Sachs and Warner's (1995a) contribution, there has been a lively debate on the so-called natural resource curse. This paper re-examines the effects of natural resource abundance on economic growth using new measures of resource endowment and considering the role of institutional quality. We find a positive direct empirical relationship between natural resource abundance and economic growth. In both OLS and 2SLS re- gressions, the positive resource effects are particularly strong for subsoil wealth. Our results also show no evidence of negative indirect effects of natural resources through the institutional channel. |
| Keywords: | Natural resources, resource curse, economic growth, institutional quality |
| JEL: | O11 O13 Q0 |
| Date: | 2006–06 |
| URL: | http://d.repec.org/n?u=RePEc:eth:wpswif:06-51&r=cwa |
| By: | Lee Davis |
| Abstract: | This paper investigates in an exploratory manner the licensing strategies pursued by firms whose business model is based on developing and licensing out their intellectual property rights (IPRs). These are not traditional suppliers, since they do not engage in production or commercialization, but focus solely on invention. While considerable anecdotal evidence exists about these IP vendors, there has been no systematic investigation of how they use licensing to appropriate value from their investments in R&D. In this paper, we suggest that the licensing strategies they pursue can be differentiated along two main dimensions: whether the driving force behind the inventive process is “technology push” or “market pull”, and the degree to which the innovative activities carried out by the IP vendor are mutually dependent upon the innovative activities of the other relevant market players. On this basis, four main licensing strategies are identified. We investigate the relative benefits and costs of these four strategies, and the factors affecting licensing choices. |
| Keywords: | Intellectual property; licensing; strategy |
| JEL: | O31 O32 O34 |
| Date: | 2006 |
| URL: | http://d.repec.org/n?u=RePEc:aal:abbswp:06-12&r=cwa |
| By: | Benink, H.A. (Erasmus Research Institute of Management (ERIM), RSM Erasmus University) |
| Keywords: | regulatory;incentives;shadow committee;banking;subordinated debt;deposit insurance;Neo-Austrian finance;internal ratings;market discipline;capital requirements;Basel Committee; |
| Date: | 2001–06–15 |
| URL: | http://d.repec.org/n?u=RePEc:dgr:euriar:3000345&r=cwa |
| By: | Simon Deakin |
| Abstract: | Capacity may be defined as a status conferred by law for the purpose of empowering persons to participate in the operations of a market economy. This paper argues that because of the confining influence of the classical private law of the nineteenth century, we currently lack a convincing theory of the role of law in enhancing and protecting the substantive contractual capacity of market agents, a notion which resembles the economic concept of 'capability' as developed by Amartya Sen. Re-examining the legal notion of capacity from the perspective of Sen's 'capability approach' is part of a process of understanding the preconditions for a sustainable market order under modern conditions. |
| Keywords: | contract law, capacity, capability approach |
| JEL: | K12 K31 |
| Date: | 2006–06 |
| URL: | http://d.repec.org/n?u=RePEc:cbr:cbrwps:wp325&r=cwa |