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The objective of the study is to shed light on the determinants of foreign direct investiment in developing countries. The authors perform an
econometric model based in panel data analysis for 38 developing countries between 1975-2000.

The authors analyse the impact of distortionary taxes, transfers related to structural nonemployment and productive government expenditures on employment and long-run growth.

The authors study the effect of product market competition on the incentives to innovate and the economys rate of growth in an endogenous growth model. They argue that the conclusion drawn by early endogenous-growth models crucially depends upon the simplifying assumption that at every point in time the technological leader is the only active firm in each industry.

The paper suggests that the main and possibly unique source of â− and ó− convergence in GDP per worker (i.e. labor productivity) across Italian regions over the 1980-2000 period is the change in technical and allocative efficiency.

The supporting evidences are overwhelming and indicate that the trend of an emerging knowledge economy is global, according to the authors. For the
OECD countries in particular, one can observe a transfer from an industrial economy to a knowledge
economy.

The authors study foreign direct investment (FDI) outflows from the Netherlands, a small open economy with few historical ties to Eastern Europe, and compare FDI in the transition countries in Central and Eastern Europe to FDI in other regions - most notably to transition countries in Central Asia.

The authors design a modified Cobb-Douglas production function with pension assets as a shift factor. They employ a dataset covering 38 countries to investigate the direct link between pension assets and economic growth, using a variety of appropriate econometric methods.

According to the authors, foreign direct investment has been considered for a long time as an important channel for transfer of technology to developing countries, and an important tool to generate jobs in those countries. Their analysis on foreign and domestic establishments in Turkish manufacturing industry between 1983-1996 indicates that foreign establishments have a better performance level than domestic ones when they are first established in the local market, and have a higher survival probability.

The sprouting of high technology small and medium enterprises around Science Academy institutes have been spotted during on-field visits in Siberia. Similar to the spin-off phenomenon in Western economies, according to the authors, this process shows very specific characteristics linked to the particular economic environment.

Based on static analysis, a number of studies argue that forming a RTA is more likely to raise welfare if member countries are "natural trading partners," while other studies claim the opposite. The paper considers the argument from a dynamic viewpoint by examining the impact of trade with Japan, North America and the European Union on technology diffusion and TFP in Korea, Mexico and Poland.