As our high dependence on the supply of diminishing fossil fuel reserves raise great concerns in its environmental, political and economic consequences, utilization of renewable biomass as an alternative resource has become increasingly important. Along this background, furfural as a building...

Biomass-derived platform intermediate furfural and levulinic acid were efficiently hydrogenated to the value-added furfuryl alcohol and promising biofuel γ-valerolactone, respectively, using a noble-metal-free Cu–Cr catalyst, which was facilely and successfully synthesized by a modified...

We evaluate whether financial openness leaves emerging market economies vulnerable to the adverse effects of capital reversals ("sudden stops") on domestic investment. We investigate this claim in a broad sample of emerging markets during the period 1976-2002. If the banking sector does not...

This paper studies the effects of stock market valuation on research investment, the rate of innovation, and welfare. In the presence of financing constraints for R&D investment, episodes of high market valuation can ease these constraints and raise the economy-wide investment in R&D and the...