We report experimental results from three Colombian villages concerning the impact of a voting mechanism on interpersonal trust and trustworthiness. The vote is purely consultative in that participants are asked to declare in a secret ballot the most “appropriate” plan of action for...

The “virtuous circle” between innovative inputs, outputs and economic performance is investigated in this article with a three equation model highlighting feedback loops and simultaneous relations. An empirical test is carried out considering innovative expenditure, innovative turnover and...

In this article, we critically discuss the potential of the new behavioural turn in consumer policy. Although, we welcome this revolution, we also claim that misguided expectations may be dangerous. We focus on methodological and normative aspects, which are not sufficiently discussed in the...

In this article we test the main hypotheses of the behavioural theory of entrepreneurship, namely that risk preferences are reference-dependent, that entrepreneurs are not ambiguity-averse and that aspirations act as a reference point in the sense postulated by Prospect Theory. We use an...

In this article we extend the model developed by Bogliacino and Pianta (2013a, 2013b) on the link between R&D, innovation and economic performance, considering the impact of innovation of export success. We develop a simultaneous three equation model in order to investigate the existence of a...

In this article we discuss how to summarize the persistent and large heterogeneity in innovative behaviour and economic performance. A Revision of the Pavitt (1984) taxonomy - covering manufacturing and services, as well as ICT activities – is proposed as a key tool for identifying common...

ENDOGENOUS SKILL BIASED TECHNICAL CHANGE: TESTING FOR DEMAND PULL EFFECT* Abstract In this article we use the unification of Germany in 1990 to test the hypothesis that an increase in the supply of a production factor generates skill biased technical change. We test for this mechanism in the...