economic growth
This paper investigates the potential impact of increased business R&D efforts in Europe on the total factor productivity gap between European and U.S. industry. The paper addresses Europe’s ambition, expressed at the 2000 Lisbon Summit to become “the most competitive and dynamic knowledge-based economy in the world”, and the 3% ...
People visit school and firms do R&D. These activities end up in human capital accumulation and new some ideas and technologies which will make economies grow. We attempt to capture the interaction between human capital and R&D by permitting endogenous human capital accumulation within an economy where the amount of ...
The goal is to review transition literature for evidence that supports sequential reform strategy, as presented in this report. The 2nd part discusses the findings in the context of Azerbaijan, a formerly socialist transition economy with interesting initial conditions. Proof of the country's current need to pay attention to improving ...
In numerous countries, governments grant various capital subsidies towards the company sector to be able to promote growth. Also the EU, offers this kind of subsidies. As De Long and Summers (1991) recommend there may be marketplace failure justifications for public subsidisation of firms. Nevertheless, simply because the use of ...
Financing constraints are among the most significant issues affecting future entrepreneurs globally. Considering the significant function that entrepreneurship is believed to play in the process of economic development, relieving financing constraints for would-be entrepreneurs is also a crucial goal for policy-makers around the world.
We investigate to what extent tolerance, as measured by attitudes toward different types of neighbors, affects economic growth. Data from the World Values Survey enable us to investigate tolerance–growth relationships for 54 countries. We provide estimates based on cross-sectional as well as panel-data regressions... In addition we test for robustness with ...
The causes of poverty in rural China have been explained in a variety of ways. These explanations include poor natural endowments, a high dependency ratio and inadequate capital and education. These explanations are examined using a unique set of survey data. Economic growth and the alleviation of poverty are two inter-related, ...
Trade theorists and policymakers have until recently ignored trade costs, but as tariffs have fallen it is apparent that trade costs are a significant obstacle to trade and they are not simply determined by geography or commodity characteristics. We analyse country-by-country variations in trade costs using disaggregated Australian import data. ...
The purpose of the paper is to explore the practice of marketing in micro firms. Which are the challenges micro firms encounter and how do they handle them? Methodology - The research methodology is based on the theory-in-use approach (Zaltman, Heffring & LeMasters 1982) in order to inductively explore the ...
This paper investigates the relationship between inter-firm labor mobility and regional productivity growth. Previous studies have shown that density is positively correlated with growth. I claim that it is not density in itself, but rather the attributes associated with it that drives economic growth. One such attribute is the increased ...