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This paper presents a model of endogenous growth in the presence of habit formation in consumption. The authors argue that in addition to the traditional disutility effects of habitual consumption, the past history of consumption represents a past record of transactions as well.

This paper develops a dynamic, life-cycle, general equilibrium model to study the interdependent demographic, fiscal, and economic transition paths of China, Japan, the U.S., and the EU. Each of these countries/regions is entering a period of rapid and significant aging requiring major fiscal adjustments

This paper investigates the relationship between bilateral FDI positions and cross-country business cycle correlations in the period 1982-2001. The authors find that countries that have comparatively intensive FDI relations also have more synchronized business cycles during 1995-2001.

According to the authors, regional development in Austria has long been characterized by an east-south-west divide with eastern and southern states trailing western states in terms of value added and employment growth. In the 1990’s, however, growth in value added was higher in the south
and east and in terms of employment western states were outperformed by southern states.

Investment-driven growth has long been regarded as a key development strategy in China. This paper investigates empirically the validity of this view. Post-1990 data analyses and macroeconometric model simulations show that market demand has become a regular force in driving investment.

New Zealands economic reforms beginning in 1984 have been one of the most radical and comprehensive programme of structural adjustment among OECD countries. This paper provides an empirical assessment of how New Zealands production structure has changed since the early 1970s.

The authors study how firm characteristics evolve from early business plan to initial public offering to public company for 49 venture capital financed companies. They describe the financial performance, business idea, point(s) of differentiation, non-human capital assets, growth strategy, customers, competitors, alliances, top management, ownership structure, and the board of directors.

Recent empirical research by, for example, Audretsch and Fritsch (1999) and Armington and Acs, (2002) shows that regional determinants of new firm formation differs between industries. It has also been suggested that a large part of the regional variation of new firm formation can be explained by differences in industrial structure. This paper reinvestigates the regional determinants of entry and exit considering these findings.

This paper investigates the hypothesis that economic growth is critical in inducing well-being during economic reforms. The regional (16 Indian states and 28 Chinese provinces) level study of India and China show that the quality of growth has been essential for well-being. The author estimates level of economic well-being by aggregating different socio- economic indicators through multivariate statistical method of factor analysis.

This paper investigates the hypothesis that economic growth is critical in inducing well-being during economic reforms. The regional (16 Indian states and 28 Chinese provinces) level study of India and China show that the quality of growth has been essential for well-being. The author estimates level of economic well-being by aggregating different socio- economic indicators through multivariate statistical method of factor analysis.