This paper deals with the effects of publicly funded research on regional technological progress and economic growth. We adopt a system approach and investigate the effects on all regional input factors and output by means of a flexible spatial panel VAR (SpPVAR) model. This allows us to deal...

Corruption is perceived to be a major factor hindering sustainable development all around the globe. The aim of this paper is to shed light on the corruption-sustainable development nexus from the perspective of select 47 countries across Asia, Africa and Latin America and the Caribbean (LAC)....

We propose a multiplex interdependent durations model with incomplete information structure. The model considers an empirical stopping game involving multiple agents making timing decisions. We characterize the unique Bayesian Nash equilibrium of the stopping game and show that the...