The idea behind this paper is to counter traditional thinking on economic and social development that considers development as dependent byproduct of macroeconomic policies led by governments, or as a sole byproduct of entrepreneurial dynamics on the micro level. The idea we are defending here...

El desarrollo local puede definirse como el crecimiento sostenible desde un punto de vista global, que considere a grandes rasgos aspectos económicos, sociales y medioambientales, lo que implicaría realizar una serie de proyectos enfocados a alcanzar metas en cada una de esas áreas. Los...

When studying local development, we find that decentralization and local governance are inseparable factors that contribute strongly into the efficiency of local development attempts. Decentralization gives local authorities more responsibilities and freedom of action without having to refer to...

We study, at the firm level, whether the incremental R&D tax credit increases the private funding of R&D. In order to answer this question, we use the yearly surveys of the Ministry of Research over the period 1993-2003, as well as the corresponding firm-level tax files. The main issue is...

This paper experimentally investigates the impact of different pay schemes and relative performance feedback policies on employee effort. We explore three feedback rules: No feedback on relative performance, feedback given halfway through the production period, and continuously updated feedback....

L'objet de cet article est d'analyser l'existence de bulles spéculatives rationnelles - c'est-à-dire l'existence d'écarts durables entre des cours boursiers efficients et leurs déterminants fondamentaux- sur les marchés américains et français, au cours de la période 1871-1996....