slightly decrease over time. There is a negligible loss in welfare, however, from immediately setting the R&D subsidy to its …

We study the effects of German unification in a model with capital accumulation, skill differences and a welfare state …. Absent a welfare state, we observe an investment boom, depressed output and employment conditions. Capital owners and high …-skilled agents are willing to give up to 4% of per-capita consumption to favor unification. When a welfare state exists the …

This paper calculates the quantitative significance of the welfare effects of wage compression in Sweden. This is done … compression lead to large welfare losses, since wage compression creates costly unemployment among low-skilled workers. This … welfare loss can be significantly reduced (but not eliminated) if firms and unions bargain over efficient labor contracts. In …

translation of innovation into economic growth. It is suggested that generating a development strategy designed to improve social … development …

from 1 January, 2005. WIll this lead increase in resources deveoted to R and D by Indian companies for the development of … for developing new drugs for neglected diseases? Can India contribte to lowering the cost of new drug development and make …

growth, which is in line with the idea that economic development is driven by political development. Furthermore, only when … findings in the sense that limited government is the path towards economic development, being a pre-condition for poor …