Inextricable links between international trade, growth and role of knowledge-creation are well-established in the economics literature. The issues of creation of technology, its diffusion and actual adoption have been discussed on both theoretical and empirical planes. Effective assimilation of...

Given the decline in growth momentum in the manufacturing sector in many OECD countries, the role of knowledge-based capital has emerged as a key driver for sustained growth. While empirical studies on estimating knowledge spillovers have usually been undertaken at the country level, the...

A pervasive trend that characterised the past two decades of European economic growth is that the share in the economy of commercial services, and particularly business services, grows monotonically, and this mainly to the expense of the manufacturing sector. The structural shift reflects a...

This paper extends the learning-by-doing model of Alwyn Young (1991), which assumes bounded learning-by-doing in each industry and knowledge spillovers, from two perspectives. First, it introduces physical capital as another factor of production in addition to labor. Second, it takes into...

The analysis of manufacturing productivity Moroccan (18 industries) over a decade (1987-96) in relation to foreign direct investment has yielded the following results: Foreign firms are more productive, give very high wages and export more than their Moroccan counterparts. This research shows...

This paper examines the main issues related to the labor market in Italy and indicates some possible solutions that do not focus exclusively on the flexibility of the labor market, but rather on the overall problem and the complexity of employment, with its economic dimension, but also social....

This paper builds up an endogenous growth model à la Aghion and Howitt (1992) and Boucekkine et al (2005). We assume that R&D firms use only investment good as input, instead of final good as hypothesized in the above two models. We show that investment price will be a negative function of...

Geographical clusters are in the focus of a large breadth of literature and have been discovered as a preferred policy tool by policymakers around the world. The vast literature suggests differing explanations for the advantages clusters offer to constituent firms. Yet not all of these...

This paper concentrates on the significance of Research and Development (R&D) for economic growth in the developing economy of Pakistan. The paper also questioned the major macro determinants of R&D in Pakistan. The study used time series data for the period 1971- 2008. The results obtained from...