• Article  

      Competition for environmental aid and aid fungibility 

      Hadjiyiannis, Costas; Hatzipanayotou, Panos; Michael, Michael S. (2013)
      Aid from environmentally conscious donors to developing recipients has long been thought of as a very promising way of preserving the global environment. However, aid is fungible and recipients cannot commit to using it ...
    • Article  

      International technology diffusion and the growth of TFP in the manufacturing sector of developing economies 

      Savvides, Andreas; Zachariadis, Marios (2005)
      This paper evaluates various channels through which foreign technology diffuses to the manufacturing sector of developing economies. These economies undertake virtually no own R&D, so they rely on foreign technology to a ...
    • Article  

      Migration, Foreign Aid and the Welfare State 

      Hatzipanayotou, Panos; Michael, Michael S. (2012)
      Aspects related to the links between international migration, foreign aid and the welfare state are highlighted in this paper. Migration is modeled as a costly movement from an aid-recipient developing country with low ...
    • Article  

      Why free trade may hurt developing countries 

      Michael, Michael S. (1997)
      This paper builds a general equilibrium trade model where a country produces two traded goods and one nontraded public consumption good. The government finances the provision of the public good by taxing the incomes of ...