UNDERDEVELOPMENT AND INDUSTRIALISATION IN PRE‐WAR THAILAND

Thailand's economy before 1940 was marked by remarkably low long‐term real economic growth, unusually high levels of the population living in rural areas, and limited industrialisation and urbanisation. This paper examines reasons for the lack of diversification, looking in particular at industrial development. We emphasise Thailand's role in the world economy, sources of labour supply, and the concentration of industry in the capital Bangkok. The impact of the world depression of the 1930s on the Thai economy was only moderate, which obviated the need for state policies that might have prompted significant economic change.     

FISCAL POLICY AND ENDOGENOUS GROWTH IN A BEQUEST-CONSTRAINED ECONOMY

Evidence suggests that the vast majority of planned altruistictransfers between generations are human capital investmentsin children (households are generally bequest-constrained).This paper demonstrates that empirically-based calibrationsof simple overlapping generations models with altruism generatebinding bequest constraints with realistic endogenous growthrates and returns to capital. We also show how intergenerationaland intragenerational redistributions of wealth affect long-rungrowth in bequest-constrained economies. Redistribution is afeature of fiscal policy abstracted away from by the standardinfinitely-lived representative agent models used to analyzeendogenous growth.     

日韩企业专利战旁观

近几年,日韩企业围绕专利诉讼纠纷频频过招,其中最典型的就是2004年11月世界两大电子巨头——日本松下与韩国LG之间的等离子专利纠纷案。松下状告LG电子侵犯了该公司的专利,要求法院下达禁令,禁止在日本销售这家韩国公司的等离子显示屏。此外,松下还要求东京海关颁布禁令禁止LG的等离子显示面板向日本进口。     

FORMAL–INFORMAL ECONOMY LINKAGES AND UNEMPLOYMENT IN SOUTH AFRICA

South Africa's high unemployment and small informal economy has been attributed to barriers to entry in informal labour markets. We develop a general equilibrium model based on a typology of informal activities that captures formal/informal linkages in product and labour markets. Simulations reveal that trade liberalisation increases formal employment, hurts informal producers, and favours informal traders and may explain the dominance of traders instead of producers. Wage subsidies also raise employment but further heighten competition for informal producers. Cash transfers favour informal employment, albeit with a fiscal burden. Results confirm the role of formal/informal linkages and product markets in explaining policy outcomes.     

DISGUISED UNEMPLOYMENT AND MARKETED SURPLUS OF FOODGRAINS IN A DEVELOPING ECONOMY

The thesis of Balanced Growth in the underdeveloped countries provided by Prof. Nurkse was strengthened by this essay throwing light on the problems which were not deeply treated in the original theoretical frame; and some critical comments were included in this paper against the criticism which has been brought against Nurkse's theory.