A considerable body of economic literature shows the adverse economic impacts of oil-price shocks for the developed economies. However, there has been a lack of empirical study of this kind on China and other developing countries. This paper attempts to fill this gap by answering how and to what...

This paper examines structural change in the power and heat producing sector (energy supply) and its implications for the economy. An integrated approach is used to describe the interactions between this sector and the rest of the economy. Thus, a very detailed model of the sector for Denmark...

Science and Technology Parks (STPs) are one of the most important regional innovation policy initiatives. Previous studies show that location in a Park promotes cooperation for innovation but have not investigated if they help to achieve better results from cooperation. We extend previous...

This study has two main contributions summarized as follows: 1. Impact of ICT on the capacities of innovation: The most intensive firms in ICT are also those that tend more frequently to innovate and to combine several innovations types - i.e. they are also “intensive innovator”. However,...

This study visits the role of shareholder proposals in the governance of public corporations by studying withdrawn shareholder proposals. Among all shareholders, unions are the most likely to withdraw proposals. Furthermore, firms with a record of poor performance, lower insider ownership and...

This research looks at the determinants of the adoption of the school-rhythm reform by French municipalities. The possibility opened to mayors to adopt the reform sooner (2013) or later (2014) offers the opportunity to measure how much the interests of the children have weighted on the decision....

This study empirically investigates three hypotheses. The first is that higher levels of economic freedom in an economy promote a higher growth rate of economic activity and hence yield a higher growth rate of per capita real GDP in that economy. The second hypothesis is that higher quality...

This note empirically investigates the impact of various factors on income tax evasion in the U.S. over the 1973-1997 period. The estimate indicates that income tax evasion is an increasing function of the average effective federal personal income tax rate and the public's dissatisfaction with...

This empirical note reformulates a model for testing the hypothesis that migration of the poor and welfare levels are bi-directionally related. After correcting for co-linearity in a previous model, the new model yields two-stage least squares estimates that affirm the hypothesis once again.