Technological innovation is a key factor for achieving better environmental performances. Its role is even more relevant in local productions system, where innovation density, knowledge spillovers and externalities are concentrated in a circumscribed territory. The paper exploits new data for a...

High expectations were placed on the project of European economic integration and Austria's participation in it. Economists had expected that the Single Market would provide a positive supply shock, i.e. rising productivity, resulting in more growth. The optimistic forecasts for neither the EU...

This paper provides a new rationale for the positive effect of public capital stock on employment and wages. We show that higher levels of public capital reduce wages along the wage equation and enhance employment due to the resulting larger elasticity of labour demand with respect to wages. The...

The aim of this paper is to analyze the changes in the wage share in the manufacturing industry in Mexico, Turkey and Korea in the era of globalization. The focus is on the one hand on the effects of globalization on the wage share, which is measured by the effects of international trade and FDI...

This paper utilizes microeconomic theory and a panel data set to assess the impact of product mix and transactions on cost behaviour of bank branches in South Africa over the short and long-term. Estimates of properties of concavity and monotonocity indicate that the cost functions of typical...

This paper examines the effect of the international diffusion of technological capacity from ICT sectors on the total factor productivity in developed countries. Special attention is paid to the construction of a more recent and homogeneous industry-level data set using unit value ratios and a...

The aim of this study is to empirically test the validity of Thirlwall's Law in China during the reform period of 1979-2002. This study finds: (1) that for 1979-2002, the Chinese economy has grown on average as fast as Thirlwall's Law predicts - the average actual growth rate and predicted...

Microfinance programmes like the Self Help Bank Linkage Program in India have been increasingly promoted for their positive economic impact and the belief that they empower women. However, only a few studies rigorously examine the link between microfinance and women's empowerment. This article...

In this article we analyse the intergenerational transmission of income inequality in 13 European countries on the basis of information provided by the European Union Statistics on Income and Living Conditions 2005 dataset. Improving on the literature dealing with the influence of family...

Many economists argue that the growth of international capital mobility has made the maintenance of pegged exchange rates more costly, forcing developing states to choose alternative arrangements. But some states do not simply abandon pegged exchange rates as their exposure to capital mobility...