A number of industrialized and developing countries agreed to the terms of the Kyoto protocol to conserve energy and reduce emissions. The close relationship between energy consumption and real GDP growth suggests that energy conservation policies are likely to affect real GDP growth. In this...

In the literature many papers state that long-memory time series models such as Fractional Gaussian Noises (FGN) or Fractionally Integrated series (FI(d)) are empirically indistinguishable from models with a non-stationary mean, but which are mean reverting. We present an analysis of the...

The paper analyses the impact of geographic innovation on total factor productivity (TFP) in Taiwan in 2001 using 242 four-digit standard industrial classification (SIC) industries. We compute TFP by estimating Translog production functions with K, L, E and M inputs, and measure the geographic...

This paper examines the issue of coercive journal self citations and the practical usefulness of two recent journal performance metrics, namely the Eigenfactor score, which may be interpreted as measuring “Journal Influence”, and the Article Influence score, using the Thomson Reuters ISI Web...

Academic and applied researchers in economics have, in the last 10 years, become increasingly interested in the topic of chaotic dynamics. In this paper we undertake non-linear dynamical analysis of one representative time series taken from financial markets, namely the Standard and Poor's (S&P)...

Economic growth has, once again, taken centre-stage in macroeconomics. Attempting to discriminate empirically between exogenous and endogenous engines of growth has become an important element of this resurgence and this paper adds to the debate. In this paper we present two contributions to the...

Solow [R. Solow, We’d Better Watch out, New York Times Book Review, 1987, p. 36] made the statement that ‘we see computers everywhere except in the productivity statistics’. This has come to be known as the “productivity paradox”. Whether this is in fact a paradox or a direct...

This paper analyses results from an investigation into the determinants of biotechnology innovation in New Zealand using a comprehensive new data set. The theoretical framework is based on a synthesis of hypotheses drawn from four strands of the innovation literature and the empirical work...

Human capital is increasingly believed to play an important role in the growth process; however, adequately measuring its stock remains controversial. Because the estimated impact that human capital has on economic growth is sensitive to the measures or proxies of human capital, accurate and...