This paper focuses on the role of R&D efforts – both domestic and foreign – and human capital investments to the development of national productivity. As technology is also embodied in human capital, the paper empirically investigates the significance of labour mobility as an effective...

R&D-based growth models with human capital accumulation reach a conclusion that long-run growth is unaffected by research activities and government policies and is only driven by preferences and human capital accumulation technology. Zeng (2003) shows that these results only hold when human...

This paper examines the dynamic effects of taxation and investment on the growth path of an economy. A simple neoclassical growth model with different tiers of government is developed. The initial focus is on governments that aim to maximise their citizens’ welfare and economic...

Upon introducing natural resources, both renewable and non-renewable, into an endogenous growth framework with R&D, this paper derives the transitional dynamics of an economy towards its long-run equilibrium. Using the Euler - Lagrange framework, this paper has succesfully figured out the...

We set up a theoretical framework to discuss the impact of trade liberalization and R&D policies on domestic exporting firms' incentive to innovate and social welfare. In this framework, exporting firms invest in R&D to reduce their production costs and, in return, receive R&D subsidies from the...

We further examine the channels through which Foreign Direct Investment (FDI) develops the national productivity of host countries. We investigate whether FDI is an effective channel of technological transfer across borders and whether that technology transfer is bi-directional: from an...

Understanding the uncertainty of climate models in space and time is necessary to help water resources managers and hydrologists in the selection of appropriate model for a specific application. In this paper, we use three separate methods to evaluate and compare the utility of 14 climate models...

In global context, as human capital embodies technology, international student flows may channel R&D spillovers from developed countries to less developed ones. Empirical study on a data set of 76 developing countries during 1998-2005 lends strong support to this hypothesis.