There have been substantial reforms in business models; companies that used to compete on prices to gain more consumers in the market is an old concept in the status quo. Business models have drastically changed from pure price to non-price competition where goods and services like social...

Theoretically, human capital is conclusively believed to be positively related with economic growth. While empirically, the said relationship does not always hold for several reasons. Thus, the current paper presents new results on a set of conditions under which human capital is robustly and...

The paper extends the findings of Coe and Helpman (1995) model of R&D spillovers by considering foreign direct investment (FDI) as a channel for knowl- edge spillovers in addition to imports. Deeper insights on the issue are provided by examining inter-relationship between knowledge spillovers...

In this paper we show that inconclusive results in previous empirical studies on human capital and growth might be due to omitted variable bias. Using data for about 130 countries, we show that after inclusion of variables related to the social capabilities concept of Abramovitz (1986) i.e....

This paper presents mathematical formulation for the probability distribution function of asset value difference using canonical ensemble framework. For asset value significantly smaller than the total market value, the distribution is given by exponential function, which depends on market-eta...