British biotechnology companies we have identified all patents filed at the European Patent Office (EPO). Applying hazard rate …

starting a new biotechnology firm. We conclude that the spillover of knowledge from the source creating it, such as a …

For individual countries, variable trade barriers can be used to reduce the volatility of domestic relative to world … prices. If this is done by countries accounting for a large share of the market, its effect is offset by increases in world … on average in stabilizing domestic prices while increasing the volatility of the income transfers from terms-of-trade …

gravity away from the north Atlantic, raising the importance of Asia in world trade but also altering the commodity … projecting a model of the world economy which compares alternative growth strategies, trade policy scenarios and savings …Rapid trade-led economic growth in emerging Asia has been shifting the global economic and industrial centres of …

explores how global production, consumption and trade patterns might change over the next two decades in the course of economic … 2030. We first project a baseline assuming trade-related policies do not change in each region but that factor endowments …

different levels of migration frictions. We bring the model to the data for the whole world economy at a 1º times 1º geographic … regions in the world. We then use the model to study the effect of a spatial shock. We focus on the example of a rise in the … of the world economy. …

This paper makes three contributions to the growing literature on culture and economics. Using answers to the World …) bilateral trade openness reduces bilateral cultural distance; (ii) the more differentiated the products, the more trade reduces … cultural distance; (iii) trade openness has a lock-in effect on culture. Third, we test the model using an instrumental …