The relative effectiveness of local economic development efforts often hinges on the question of who benefits from regional growth. The authors address this issue by decomposing U.S. county-level employment into four supply components: net commuting, the employment (unemployment) rate, the labor...

Does financial system of South Asian countries perform a passive role in economic growth? Can we specify any particular channel that can boost economic development more efficiently? Does the intra and interrelationship among the major segments of financial system point to any change in the...

A bottom-up methodological framework was developed and applied for the period 1985–2002, to selected manufacturing sub-sectors in Greece namely, food, beverages and tobacco, iron and steel, non-ferrous metals, non-metallic minerals and paper. Disaggregate physical data were aggregated...

Models and algorithms for risk neutral and risk averse power optimization under uncertainty are presented. The approach differs from previous ones by incorporating the transmission network explicitly. Copyright Springer-Verlag 2009

Extrinsic motivations like intellectual property protections and fiscal incentives continue to occupy the centre stage in debates on innovation policies. Joseph Schumpeter had, however, argued that the motive to accumulate private property can only explain part of innovative activities. In his...