The stability of factor shares has long been considered one of the “stylized facts” of macroeconomics. However, the relationship between cross-country factor shares and economic development is dependent on how factor shares are measured. Most factor share studies acknowledge only two factors of production: total capital and total labor. The failure to acknowledge more than two factors yields mi...

Walking for the daily commute is one potential strategy for increasing physical activity levels. Understanding the behaviour-specific environmental correlates associated with commuter walking will help effective interventions to be identified and developed. The aim of this study was to examine the associations of perceptions of the environment in the workplace ‘neighbourhood’ and commuter walki...

In order to explore the impact of financial factors on the real economy, many researchers are analyzing the relationship between finance and real economic activity using new theories and approaches. This paper focuses on the relationship between financial soundness and corporate R&D activities on a regional scale. By measuring regional financial performance using data series including periods o...

This study is intended to underline the importance of the role played by the cross-industry allocation of R&D resources, as indicated by several indices measuring R&D inequality, within the manufacturing industries of each country, and how it determines cross-country productivity growth. In other words, the main debate is whether national R&D policies for promoting productivity growth should be...

The challenges we face in our economies and societies in our divided unsustainable world are perhaps greater than at any other time. These challenges have arisen because of how we have been trained to think, plan and act as individuals and how we have applied this training to the way we organise and govern ourselves. We have thought, planned, organised, governed and acted as though our world is...

This paper studies the conditions under which the scarcity of a factor (in particular, labor) encourages technological progress and technology adoption. In standard endogenous growth models, which feature a strong scale e¤ect, an increase in the supply of labor encourages technological progress. In contrast, the famous Habakkuk hypothesis in economic history claims that technological progress w...

I re-examine the inverted-U relationship between competition and innovation (originally modeled and tested by Aghion et al. [2005]) by using data from publicly traded manufacturing …rms in the US. I control for the possible endogeneity of competition by using various measures of foreign competition as instruments. I …nd a positive relationship between competition (as measured by the inverse of ...

We develop a tractable framework for the analysis of the relationship between contractual incompleteness, technological complementarities, and technology adoption. In our model a …rm chooses its technology and investment levels in contractible activities by suppliers of intermediate inputs. Suppliers then choose investments in noncontractible activities, anticipating payo¤s from an ex post barg...

The challenges we face in our economies and societies in our divided unsustainable world are perhaps greater than at any other time. These challenges have arisen because of how we have been trained to think, plan and act as individuals and how we have applied this training to the way we organise and govern ourselves. We have thought, planned, organised, governed and acted as though our world is...

The history of a number of industries is marked by a succession of eras, associated with different dominant technologies. Within any era, industry concentration tends to grow. Particular eras are broken by the introduction of a new technology which, while initially inferior to the established one in the prominent uses, has the potential to become competitive. In many case new entrants survive a...