abstract. academic spin-offs are recognized as the main means of technology transfer, contribute to the commercialization of the results of academic research, leading to society wealth creation. academic spin-offs start with some major disadvantages related to their liability of newness, smallness and their university origination. it is been argued that academic spin-off need to strengthen thei...

â â â â â â â â â â â â â â â  â  abstract â  the effect of technology spillovers is widely considered as one of the main channels through which domestic firms benefit from fdi, and plays an important role in economic development of host countries. based on the analysis framework for technology spillovers established by borensztein et al. (1998), this paper will analyse and try to figure out th...

This paper opens a new perspective from which one can explain the presence of government intervention in education even in the absence of human capital externality. It argues that consumption externalities can provide rationale for government intervention in education. Within the context of overlapping generations economy, it has also been shown that competitive equilibrium either underaccumula...

Constant changes created by the global market have led software organizations to depend increasingly on their intellectual capital, its human resources. In this context, the lessons learned are presented as an important resource to aid in the preservation and control of this intellectual capital. This paper aims to present a process model focused on gradually implement activities to improve the...

This paper sheds light on the transferability of human capital in periods of dramatic structural change by analyzing the unique event of German Reunification. We explore whether the comparatively low labor productivity in East Germany after reunification is caused by the depreciation of human capital at reunification, or by unfavorable job characteristics. East German workers should have been h...

the current world is the era of wisdom and knowledge. endowments, natural and tangible assets are not the key factor for success of communities and organizations; instead, management of intangible assets in this turbulent and challenging environment for the organizations are the key success factor for them. the organizations which are able to recognize these assets and manage them properly woul...

the present research has been done with the aim of determine the relationship between intellectual capital and employee performance of ports and maritime organization. statistical population of the present study includes head office employees of tehran ports and maritime organization. the statistical population is 140 people, 103 samples were selected according to morgan table. in this research...

a r t i c l e i n f o JEL classification: E62 H22 O41 Keywords: Two-sector model Human capital Optimal factor tax incidence This paper studies the optimal factor tax incidence in a standard two-sector, human capital-based endoge-nous growth model elucidated by Lucas (1988). Capital income taxes generate dynamic inefficiency for capital accumulation and labor income taxes create dynamic ineffici...

We consider the valuation of contingent claims with delayed dynamics in a Black & Scholes complete market model. We find a pricing formula that can be decomposed into terms reflecting the market values of the past and the present, showing how the valuation of future cashflows cannot abstract away from the contribution of the past. As a practical application, we provide an explicit expression fo...