Risky investment projects make the coordination among small, uninformed investors hard to achieve, and generate inefficient low levels of investment. Several authors have pointed out the benefits to an economy from multiple avenues of financial intermediation. This paper explains endogenously...

The innovation is a main variable of the economic growth, but the origin and diffusion of innovations are functions of several variables. For this reason, the contributions of other disciplines have been used to understand in depth its behaviour and spatial-temporal dynamic. The aim of this...

The purpose of this paper is to analyse the Bureaucracy within Public Research Bodies and in particular of the Italian National Research Council. The research is presented in two parts: the first one describes the methodology to measure bureaucracy and the sample represented by 11 institutes of...

The purpose of this paper is to present the main studies carried out on the Bureaucracy in public research institutions. The first part of the paper describes the classical theory concerning the Bureaucracy developed by Weber, Merton et al. The second part of the research focuses the studies on...