Many people believe that we are now in a period of business changes as significant as those in the industrial revolution. This presentation suggested some provocative ideas about what some of these changes will be. For example, the talk described the possibilities of an “e-lance economy” where electronically connected free-lancers, joining together in temporary teams, will perform many of the t...

A salient feature of developing economies is the coexistence of a modern commercial sector alongside a traditional subsistence sector-the dual economy. The apparent differences in productivity between sectors imply substantial losses in aggregate productivity. Existing theories of the dual economy rely on exogenous price distortions, and cannot explain why or if these distortions evolve over th...

This paper estimates the impact of foreign direct investment (FDI) on capital accumulation, and output and total factor productivity (TFP) growth in the recipient economy. Time series and panel data evidence are provided for a sample of OECD and non-OECD countries in the period 1970±90. Although FDI is expected to boost long-run growth in the recipient economy via technological upgrading and kn...

This paper analyzes the simplest neoclassical economy in which agents have finite lives and there is sustained per capita growth. The growth rate of the world economy depends upon countries' savings propensities and common technology. Trade can reverse an economy's autarkic growth trajectory, and a country with a high savings rate runs a current account surplus. If a surplus country expands agg...

The paper analyses how the area of production and operations management (POM) in Brazil should change/adapt in order to remain relevant in the so called “new economy”. Drawing from insights coming from both the relevant literature and a survey, a preliminary research and teaching agenda is proposed.

We study the effect of technological knowledge on per-capita income and population in a Malthusian economy. Airy differential equations describe the evolution of knowledge. Consequently, the impact of technological knowledge on aggregate output is feeble before and strong after the Industrial Revolution. The economy exposed to Airy growth of knowledge evolves from a Malthusian regime into a Pos...

The purpose of this paper is to conduct a deviation from proportional growth (DPG) analysis for the Vietnamese economy over the period of 1996-2007. This aims to determine the pattern and sources of growth of the economy based on the experience of other developed and newly developing Asian economies. Their experiences could provide indicative information to the authorities of Vietnam for deline...