This paper studies how the strength of social ties is affected by the geographical location of other individuals and their social capital. We characterize the equilibrium in terms of both social interactions and social capital. We show that lower travel costs increase not only the interaction...

Founders are crucial for the start-ups, which in turn makes it very important to study how founders' behaviour affects the development of the start-ups. Based on the data of the companies listed on Growth Enterprise Market (GEM) and Small & Medium Enterprise (SME) board from 2014 to 2017 in...

Purpose This paper aims to explore the key anchors of the National Innovation System shaping the nature of collaboration between academic high-performance computing centres (academic HPC centres) and small- to medium-sized enterprises (SMEs) working in the automotive and electronics sectors of...

This paper goes back to the topic of collective efficiency (CE) in localproductive systems and paths of territorial development. In general terms, such CEneeds the integration of markets mechanisms with systemic conditions that have natureof public goods. The discussion of an extended framework...

The present study maps and classifies industrial districts in Portugal, identifying the features of specialization and the current capacity of industrialization. It employs an adaptation of the algorithm developed by Canello and Pavone (2016) in 308 Portuguese municipalities based on six phases....

We solve an optimal land sale problem for a mayor who sells public land and uses the land sale revenue to finance infrastructure. Over an infinite horizon the mayor chooses land sale and infrastructure in each period to maximize the market value of the city net of the spending on infrastructure....

Tokyo and Seoul, the two leading East Asian global cities, operate under "developmental states." They often struggle for control over major urban initiatives against their strong state government agencies as they seek prominence in the global city hierarchy. Through comparative review of...

We test whether rural versus urban location, and the amount of social capital present in those locations, influence the performance of Small Business Administration (SBA) 7(a) loans originated between 1984 and 2012. On average, we find that rural loans are about 11% less likely to default than...

This paper introduces designs, technologies, and best practices aimed at reducing the cooling energy demand in buildings. It covers the basic principles of why occupants need cooling to meet thermal comfort requirements and how heat is transferred into buildings from the outdoor environment....