We analyze the production factor which is behind the phenomenon of the de-materialization of advanced economies: synergic combinations of electronic hardware and software, which are capable of manipulating symbols autonomously and modifying themselves - forms of 'intelligent' capital because...

The initial years of transition in the Russian federation have been characterised by relatively smaller falls in employment than observed in other reform- orientated countries of Eastern Europe. We show that for many Russian workers, the dominant form of labour market adjustment is instead the...

We study Russian job dynamics in transition using micro-level data sets from the December 1996 and June 1997 administrative records of firms in manufacturing, mining, trading and construction, for a pool of representative regions. We show that in 1997 small firms were the most successful at...

We present a model of growth à la Lucas with two 'competing' factors. The first needs to allocate its time between production, accumulation and a non productive activity (rest or leisure). The second can devote its time simply to production and accumulation. The two factors can generate harmful...