nep-pke New Economics Papers
on Post Keynesian Economics
Issue of 2011‒11‒07
five papers chosen by
Karl Petrick
University of the West Indies

  1. Aiming high, falling short: the Least Developed Country (LDC) category at 40 By Fialho de Oliveira Ramos, D.N.
  2. Structural Change,Balance-of-Payments Constraint and Economic Growth: Evidence from the Multi-Sectoral Thirlwall’s Law By Raphael Rocha Gouvêa; Gilberto Tadeu Lima
  3. Unconditional Convergence By Rodrik, Dani
  4. How Journal Rankings can suppress Interdisciplinary Research – A Comparison between Innovation Studies and Business & Management By Ismael Rafols; Loet Leydesdorff; Alice O'Hare; Paul Nightingale; Andy Stirling
  5. Obstacles to Financing Micro and Small Enterprises: Empirical Evidence from a Small Island Developing State By Parmendra Sharma; Neelesh Gounder

  1. By: Fialho de Oliveira Ramos, D.N.
    Abstract: Abstract:This paper analyses the motivation behind the UN decision to establish the LDC category in 1971. The reviewed literature highlights conflicting interests of the actors involved. It provides a historical account of the creation of the category and an international political economy analysis of that process. Based on this literature, I argue that the initial LDC identification process - which set a precedent for future LDC categorizations - was manipulated in order to generate a reduced list of small and economically and politically insignificant countries. Contrary to the LDC official narrative, this list served the interests of both donors (by undermining UN’s implicit effort to normalize international assistance) and other non-LDC developing countries (disturbed by the creation of a positive discrimination within the group, favouring the most disadvantaged among them). As a result of this manipulation, considerably less development-promoting efforts are demanded from donors; which, in turn, does not significantly distress the interests of other non-LDC, more advanced developing countries.
    Keywords: trade;aid;LDCs;UN;graduation;special and preferential treatment
    Date: 2011–09–21
  2. By: Raphael Rocha Gouvêa; Gilberto Tadeu Lima
    Date: 2011
  3. By: Rodrik, Dani
    Abstract: Unlike economies as a whole, manufacturing industries exhibit unconditional convergence in labor productivity. The paper documents this finding for 4-digit manufacturing sectors for a large group of developed and developing countries over the period since 1990. The coefficient of unconditional convergence is estimated quite precisely and is large, at 3.0-5.6 percent per year depending on the estimation horizon. The result is robust to a large number of specification tests, and statistically highly significant. Because of data coverage, these findings should be as viewed as applying to the organized, formal parts of manufacturing.
    Keywords: convergence; growth
    JEL: O4
    Date: 2011–11
  4. By: Ismael Rafols; Loet Leydesdorff; Alice O'Hare; Paul Nightingale; Andy Stirling
    Abstract: This study provides new quantitative evidence on how journal rankings can disadvantage interdisciplinary research during research evaluations. Using publication data, it compares the degree of interdisciplinarity and the research performance of innovation studies units with business and management schools in the UK. Using various mappings and metrics, this study shows that: (i) innovation studies units are consistently more interdisciplinary than business and management schools; (ii) the top journals in the Association of Business Schools’ rankings span a less diverse set of disciplines than lower ranked journals; (iii) this pattern results in a more favourable performance assessment of the business and management schools, which are more disciplinary-focused. Lastly, it demonstrates how a citation-based analysis challenges the ranking-based assessment. In summary, the investigation illustrates how ostensibly ‘excellence-based’ journal rankings have a systematic bias in favour of mono-disciplinary research. The paper concludes with a discussion of implications of these phenomena, in particular how resulting bias is likely to affect negatively the evaluation and associated financial resourcing of interdisciplinary organisations, and may encourage researchers to be more compliant with disciplinary authority.
    Keywords: Interdisciplinary, Evaluation, Ranking, Innovation, Bibliometrics, REF
    JEL: A12 O30
    Date: 2011
  5. By: Parmendra Sharma; Neelesh Gounder
    Keywords: Fiji, South Pacific, financing obstacles, micro and small enterprises (MSEs)
    Date: 2011–10

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