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This study investigates the politico-economic determinants of the crowding-in effects of public investments in a cross-section of 25 developing countries for the 1975-2000 period using multivariate probit analysis. The estimation results show that public fixed capital investments may crowd in private investments, but this still depends on the developments in the economic, political, and legal environment of business in individual countries.

This study examines whether foreign ownership share in investment projects affects the extent of spillovers from foreign direct investment. The analysis, based on a Romanian firm-level data set produces evidence consistent with positive intra-sectoral spillovers resulting from wholly-owned foreign affiliates but not from projects with joint domestic and foreign ownership.

According to the authors, economists have been reluctant to rely on culture as a possible determinant of economic phenomena. The notion of culture is so broad and the channels through which it can enter the economic discourse so vague that it is difficult to design testable hypotheses. In this paper, the authors show this does need to be the case. They introduce a narrower definition of culture that allows for a simple methodology to develop and test cultural-based explanations.

The authors analyze a publicly-traded firm’s decision to stay public or go private when managerial autonomy from shareholder intervention affects the supply of productive inputs by management. They show that both the advantage and the disadvantage of public ownership relative to private ownership lie in the liquidity of public ownership.

According to the authors, the vast majority of regions in West Germany, and the EU, have become more similar in terms of per-capita income and productivity between 1980 and 2000. But a number of rich areas - generally large agglomerations - have succeeded in departing from this trend of convergence. They are continuing to rise above the average productivity level. The authors examine whether this development can also be seen as due to changes in the spatial distribution of economic sectors.

This paper assesses if GDP per capita is an adequate proxy as a measure of wellbeing or whether other indicators are more suitable for this purpose. Within the national accounts framework, other better measures of economic resources exist, but they are closely correlated with GDP per capita and are not as readily available. Across OECD countries, levels of most measures of specific social conditions are significantly related to GDP per capita while changes over time are not.

This article takes a long-term view regarding the
changing geography of the U.S. auto industry over the
past 25 years. In addition, the authors compare
changes in the location patterns of assembly and
supplier plants over each decade separately and across
the entire span of the two decades combined.

This paper considers the organisation of economic policy preparation in the Netherlands. Here the model is often referred to as the “polder model” as the social
dialogue plays a prominent role in order to obtain public support for the policy measures.

The primary goal of the research is to empirically investigate knowledge sharing and learning mechanisms within a global consulting company. The study is based on the phenomenology approach, which examines various structures of experiences ranging from perception, social and linguistic activity involving meanings, communication, understanding, mood, etc. (Banning, 1995).

According to the author, the vast increase in the volume of goods that move north and south across North America’s internal borders has opened a new era of competition among cities, municipalities and businesses to create channels for these flows. The paper provides a brief overview of some trade corridor organizations.