The paper explores the effect of technological specialisation on economic growth within a balance-of-payments-constrained growth model. We find that countries that are specialised in fast-growing technologies experience above average rates of growth due to the positive effects on international competitiveness. Moreover, we find that innovation, imitation and investment affect countries’ perform...

It is a long-standing principle of international law that every breach an obligation results in harm gives rise to duty make adequate reparation. Reparations can take different forms, from the ideal full restitution provision satisfaction, and payment compensation. Notwithstanding reparation's main aim––to ameliorate, if not eradicate, detrimental consequences internationally wrongful act–– it ...

Inventory models in which the demand rate dependents on the stock- dependent are based on the common real- life observation that greater product availability tends to stimulate more sales. In this study we develop an inventory model to determine an optimal ordering policy for quantity dependent demand rate and time dependent holding cost items with delay in payments permitted by the supplier un...