This paper explores the productivity differential between return migrants (“Sea Turtles”) and non-migrants through a case study of China’s venture capital (VC) industry. I find that even after correcting for selection bias, return venture capitalists are less productive than comparable non-migrants in targeting promising projects and/or providing value-added services. Given that the VC industry...

Both intellectual capital (IC) and knowledge management (KM) have been recognised as significant resources, when properly managed should enhance competitiveness, sustainability and performance. IC comprises the human, organisational and relational capital or resources. KM is about the ‘flow of knowledge’ from individual learning to organisational learning through KM processes to enhance organis...

China has experienced rapid urbanization over the past several decades. Social capital is considered a vital human resource, and quality of life (QoL) is an important measure of human health embedded in a physical, mental, and social context. No studies have reported on the association between social capital and QoL in Chinese urban residents. We performed a cross-sectional study to investigate...

We build a Dynamic General Equilibrium model with search frictions for the allocation of physical capital and investigate its implications for the business cycle. While the model is in principle capable of generating substantial internal propagation to small exogenous shocks, the quantitative effects are modest once we calibrate the model to fit firm-level capital flows. We then extend the mode...

We investigate the dynamics of growth models in terms of dynamical system theory. We analyse some forms of knowledge and its influence on economic growth. We assume that the rate of change of knowledge depends on both the rate of change of physical and human capital. First, we study model with constant savings. The model with optimised behaviour of households is also considered. We show that th...

With the purpose of studying the influence of population dynamics and economic growth on energy consumption and carbon emissions, an endogenous economic growth model is proposed incorporating physical and human capital and using an Agent-Based Model. The model can test different development strategies by identifying the key factors existing at the agent level that may speed up or slow down a gi...

Has the European integration process lead to increased specialisation and what drives changes in specialisation? To address these questions we apply a model that incorporates endowments, technology and increasing returns to scale (IRS). Analyses reveal that countries with high capital accumulation have become increasingly specialised in capital-intensive industries; this holds for both human an...

This paper aims to test endogenous growth models based on technology spillovers. So far similar models have tested the effects of total physical capital formation and international capital goods flows on long-run economic growth. We exploited VAR models and explored that imported machinery and equipment has no long-run growth effects. However, in the short-run, growth effects appeared in most o...

Small and medium size enterprises (SMEs) have an important impact on the development of new economy but SMEs have a need for venture capital (VC) and initial public offerings (IPOs) in order to grow. Therefore, It is very important to know how owners, managers and employees in the SMEs perceive the VC and IPOs in Turkey. A questionnaire is developed to understand these types of perceptions via ...

How do financial frictions affect the optimal inflation rate? Can financial frictions alone annul the long-run super-neutrality of money? Should the inflation rate be higher in emerging market economies with less developed financial markets than in advanced economies, as is currently observed? To answer these questions we set up an incomplete markets model in which households choose portfolios ...