We find that investor sentiment should affect a firm's employment policy in a world with moral hazard and noise traders. Consistent with the model's predictions, we show that higher sentiment among US investors leads to: (1) higher employment growth worldwide; (2) lower labor productivity, as the...

In densely-populated countries and in particular in large metropolitan areas, the presence of so much human activity causes all sorts of negative externalities, for example traffic noise disturbance. These externalities call for corrective measures by the government. Economists have developed a...

We test a new model where the entrepreneurial decision is described as a process of successive engagement levels, i.e., as an entrepreneurial ladder. Five levels are distinguished using nearly 12,000 observations from the 2004 “Flash Eurobarometer survey on Entrepreneurship” covering the 25...

This discussion paper resulted in a publication in <A HREF="http://people.few.eur.nl/vanderzwan/articles/Regional%20Studies%20Ladder%20Europe%20US.pdf">'Regional Studies'</A>, 2013, Volume 47, issue 5, pages 803-825.<P> We investigate which countries have the highest potential to achieve entrepreneurial progress. This progress is defined using an entrepreneurial ladder with five successive steps:...</p></a>

This paper offers both a conceptual and an operationalmodel that aims to map out the causes and implicationsof ICT perceptions and views of urban policy makersand/or administrative officials (denoted as urban frontliners). This is followed by the presentation of an opera-tional path model, viz....

Information and Communication Technologies (ICT) have become important tools topromote and realize a variety of public goals and policies. The growing importance of ICT indaily life, business activities and govemance prompts the need to consider the role of ICTmore explicitIy in urban...

Information and Communication Technologies (ICT) have become important tools to promote a variety of public goals and policies. In the past years much attention has been given to the expected social benefits from deploying ICT in different fields (transportation, education, public participation...

Local policy makers seek ways to deal with abandoned industrial heritage in their jurisdictions. Much is demolished, but in some cases considerable investments are made to preserve the cultural aspects of industrial sites. The renewal plans are usually designed to stimulate urban renewal in the...

This paper presents results of a meta-regression analysis on empirical estimates of capital-energy substitution. Theoretically it is clear that a distinction should be made between Morishima substitution elasticities and cross-price elasticities. The former represent purely technical...

This paper examines how productivity effects of human capital and innovation vary at different points of the conditional productivity distribution. Our analysis draws upon two large unbalanced panels of 6,634 enterprises in Germany and 14,586 enterprises in the Netherlands over the period...