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Two alternative models of parental investments in children's human capital are considered and tested empirically using the Indonesian Family Life Survey (IFLS). The pure loan model and the reciprocity with two-sided altruism model yield different predictions about the effect of children's...
Persistent link: https://www.econbiz.de/10005408378
Using the NLSY data set, this paper formulates and then empirically estimates the production processes for social, motivational and cognitive skills during early childhood development and the long-term effects of these skills on learning and life-time earnings of an individual. Using these...
Persistent link: https://www.econbiz.de/10005076552
This article presents a formalization of knowledge based on a connectionist model of a firm's structure. Transaction … costs are not ignored, but integrated with the knowledge-based approach. A numerical example on the canonical comparison of …
Persistent link: https://www.econbiz.de/10005561473
of analysis. Considering as unit of analysis the region of Beira Interior (Portugal), this article aims to provide a TOWS …
Persistent link: https://www.econbiz.de/10005118851
Shafer's evidence theory is a branch of the mathematics of uncertain reasoning that allows for novel possibilities to be conceived by a decision-maker. Many of its findings exhibit striking similarities with an alternative decision theory purported by Shackle in the 1950s, before expected...
Persistent link: https://www.econbiz.de/10005125582
. Uniting Schumpeter's concern for innovation with Keynes' concern for uncertainty and expectations formation, this article … focuses on the behaviour of entrepreneurs confronting uncertainty caused by innovation. Entrepreneurs' behaviour is … opened up by a successful innovation generates a state of optimism in the minds of single entrepreneurs, which eventually …
Persistent link: https://www.econbiz.de/10005077089
This article proposes a normative model for the cluster articulation in Cova da Beira (Portugal), based on network … functioning which accomplishes the general purposes of the National Integrated Programme to the Support for Innovation, and …
Persistent link: https://www.econbiz.de/10005561423
Persistent link: https://www.econbiz.de/10011738716
Persistent link: https://www.econbiz.de/10011705277