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This paper develops an overlapping generations model with technology choice and imperfect credit market, in order to investigate a possible source of underdevelopment.

This paper puts forward a methodology of testing a new theory of economic growth that emphasises key factors determining the success or failure of policies that change underlying economic structures, and hence would lead to an intrinsic monitoring of over-borrowing?.

The authors test five hypotheses regarding the causes of privatization in China by using firm-level panel data collected in 11 cities in the period 1995-2001.

The author analyzes why it is possible for China to maintain high growth with reduction of energy consumption during the deflation period and suggest the way for China to absorb excess capacity and get out of the deflation. The author also discusses the prospect for Chinas long-term growth.

The author argues that countries in developing Asia, like developing countries in other parts of the world, have good opportunities to achieve dynamic growth and equitable income distribution in their process of development if their governments adopt a right development strategy.

This paper explores and explains the emergence and growth of new firms in the knowledge economy. The resource-based view, capabilities approach, and evolutionary economics are used as a foundation for a developmental approach.

The author examines the competitive position of domestic single-plant firms under growing rivalry of global companies that source abroad and flexibly coordinate production activities within a multinational network.

According to the authors, urban growth refers to the process of growth and decline of economic agglomerations. The pattern of concentration of economic activity, and its evolution, has been found to be an important determinant, and in some cases the result, of urbanization, the structure of cities, the organization of economic activity, and national economic growth.

Academics and policy makers are questioning about the relation between science and technology in the emerging field of nano science and technology and the effectiveness of different institutional regimes. The authors analyze the performance of inventors in nanoscience technology using multiple indicators.

The paper looks at some macro data on the availability of infrastructure, economic growth, density of population and the availability of formal financial services to examine if any of these factors explain the growth of microfinance in certain regions, while the other regions lag behind.