This paper presents a new model of political competition where candidates belong to factions. Before elections, factions compete to direct local public goods to their local constituencies. Voters view the public goods as a credible signal that their local candidate is in the right (i.e.,...

This paper analyzes the relationship between the price producer index and the price consumer index across country members of the Free Trade Agreement (NAFTA) area, during the period 1957:01 to 2011:04. In so doing, we test for the existence of causality and unit root in the series analyzed in...

This paper analyzes some key ideas regarding regional innovation systems and market failures. This analysis highlights the importance of science, technology and innovation policies at the regional level. It is assumed that innovation processes are complex and nonlinear that drives and sustains...

This paper is an introduction to the discussion of the role played by knowledgebased large and small firms in the innovation process. It takes into account the theoretical background within the Schumpeterian-Penrosian tradition. The paper reviews a model where firm size has important...

This paper analyzes the possibility to find a structural change endogenously determined in Mexico’s macroeconomic variables (government expenditure, consumption, GDP, imports, investment and exports) during the period of 1980 to 2005. In so doing, and using the methodology proposed by Hansen...

This paper analyzes intellectual property regimes in the United States and Japan by means of patents granted from 1940 to 2005 and 1965 to 2005, respectively. Making use of the database released by the World Intellectual Property Organization (WIPO), we search for presence of a one-time change...

This paper analyzes the emergence of biotechnology-related industries in Mexico. It is assumed that there are three important features for studying this process: (1) biotechnology cannot be understood as a single sector or industry; (2) new biotechnology firms have emerged from the very...

This paper analyzes innovative activity in North America and European Union (EU) countries by means of the number of patents granted from 1965 to 2005. Making use of the database released by the World Intellectual Property Organization (WIPO), we search for presence of a structural change patent...