Recently, several studies have emphasized the role of R&D expenditure in determining Total Factor Productivity (TFP). In this paper it is shown that the relationship between R&D variables and TFP is far from being established. In particular, by using data for the Italian economy, it is found...

Statistical Issues: Forecasting World Output: the Rising Importance of Emerging Asia -- Macroeconomic Developments in China: The Statistical Challenges -- Technical Efficiency and Governance: The Case of China -- Demographic Changes, Urbanization and Household Savings: Demographic Trends and...