Financing innovation is not emphasized by neo-schumpeterian approach, despite Schumpeter (1982) himself having already emphasized the relevance of the bank system in the economic development. In this article we analyze financing innovation in Brazil through recent empirical evidence from...

The phrase 'knowledge economy' has acquired currency as powerful as the adjective 'modern' once had. This paper explores the meaning of knowledge-based economy from the perspective of the South and traces the rise of the information sciences and the interplay between information technology and...

This work uses data from the Israeli Household Expenditure Survey for 2003 - 2011 to assess the effect of changes in home and rent prices on households' private consumption expenditure. We find that an increase in home prices acts to increase owners' consumption, particularly in the intermediate...

We investigate nontradable and tradable identical Treasury derivatives. The nontradability premium is statistically and economically significant, and covaries positively with interest rate volatility and relative tightness in the markets. Our data offer an almost-perfect laboratory to study the...

The global financial crisis (GFC) triggered the use of macroprudential policies imposed on the banking sector. Using bank-level panel data for Israel for the period 2004–2019, we find that domestic macroprudential measures changed the composition of bank credit growth but did not affect the...

The 20th Century saw substantive shifts in the structure of agriculture and agricultural production in South Africa. Farm size grew, farm numbers eventually declined, and production increasingly emphasized higher-valued commodities, notably a range of horticultural crops. The real gross value of...

This article explores major evolution stages of innovation policy in South Africa which is now in transition to constitutional democracy. The author seeks to identify prerequisites for the new innovation system in the country and to understand the role of the government and the Ministry of...