by using a model of development, called developmental state, which appeared during the history of development in east asia region, the current essay tries to present a review on possibility of iran’s transition to economic development. it is supposed that the ground is prepared for iran’s transition to development through effective state intervention in economy. unlimited access of iran to a ve...

The role of the financial sector in economic growth received scant attention from economists until very recently. An explosion of research in the last 20 years has firmly entrenched the finance growth nexus in the canon of economic beliefs. This paper suggests that the literature might have over emphasised the strength of the nexus that is much more nuanced than often suggested. The most common...

The global economy has entered the era of rapid industrialization, especially in developing countries; however, under the dual constraints of resources and environment, the extensive economic growth mode will probably seriously affect the process of China’s industrialization and modernization. To keep a balance between industrialization and environment and energy requirements, the development o...

This paper examines empirically the causal relationship among the degree of openness of the economy, financial development and economic growth by using a multivariate autoregressive VAR model in Greece for the examined period 1960:Ι – 2000:IV. The results of cointegration analysis suggest that there is one cointegrated vector among GDP, financial development and the degree of openness of the ec...

This article focuses on the spatial clustering dimension of new information and communications technology (ICT)-driven economic activity based on knowledge industries and especially the tacit knowledge synergies to be achieved through networking in geographical space. The article first details the new knowledge economy, reviewing claims made for its distinctiveness and its role in raising level...

This Chapter studies the economic mechanism relating (i) growth and (ii) openness to trade. It investigates how openness to economic exchange influences total factor productivity (TFP) convergence across economies. This Chapter stands as the natural limit point of the sequence of findings reported in earlier Chapters. At the Conference, we had previously seen correlations and tabulations and di...

Since the adoption of the Doi Moi (renovation) policy, the Vietnamese economy has continued to register high growth in the transition to a market-oriented economy. As a result, poverty incidence decreased from 58% in 1993 to 29% in 2002. Still, a large number of people are living at the near-poverty level. As the majority of them depend on unstable income from farming, they are vulnerable to na...