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This paper proposes a new way of computing a coincident indicator for economic activity in France using data from business surveys. The results obtained show that the resulting indicator forecasts economic activity with a relatively high degree of accuracy before the release of actual data.

This paper uses firm-level data to examine the performance of Indias nonfinancial corporate sector since 1989 and evaluate its financial vulnerabilities. While promising trends in liquidity, profitability, and leverage of the sector emerged in the early 1990s, they experienced a reversal after 1996.

This paper provides a comprehensive assessment of the impact of NAFTA on growth and business cycles in Mexico. The effect of the agreement in spurring a dramatic increase in trade and financial flows between Mexico and its NAFTA partners, and its impact on Mexican economic growth and business cycle dynamics, are documented with reference both to stylized facts and recent empirical research.

The more systematic and systemic reforms of the 1990s, discussed here in detail, gave rise to more sustainable growth. The paper concludes by explaining why the growth rate in India nevertheless continues to trail that of China.

This paper reviews the evolution of Chinas real effective exchange rate between 1980 and 2002, and uses a structural vector autoregression model to study the relative importance of different types of macroeconomic shocks for fluctuations in the real exchange rate. The structural decomposition shows that relative real demand and supply shocks account for most of the variations in real exchange rate changes during the estimation period.

Using a simple growth accounting framework, the authors project Indias future potential output growth rate through 2025. The authors argue that there is perhaps more upside potential than downside risks to our central estimate of annual growth, which is close to 7 percent for aggregate output, or 5.5 percent for output per capita.

This paper gives an overview about the development of FDI in East Germany based on official data provided by the Federal Bank of Germany. The investigation also includes a comparison of FDI in East Germany to Central East European countries.

Local and regional authorities are, mainly, interested in the process of cluster intensification in the local and regional economies context. This feature stress out one other controversy level: are the “hard” location factors (the concrete tangible location factors) more important than the “soft” location factors (qualitative, intangible factors) or vice-versa? This paper aims to explore the current knowledge about this process and to open some fields of future research.

The paper addresses the advantages of networking and its contribution to regional development as a way of promoting competitiveness. In so doing it will analyse the factors that lead entrepreneurs to co-operate and apply these findings in the context of regional and national economic development.

In this paper the authors employ techniques developed in spatial econometrics to analyse spatial patterns of technology diffusion, to detect clusters and to estimate theoretical models that incorporate space explicitly. The dataset consists of TFP estimates for 73 countries over the period 1960-2000.