This paper looks at the relationship between patents and economic growth in Japan and South Korea using both individual country and panel data. For the econometric estimation, we use annual data for 1963-2005. For Japan, we find that the logarithms of real GDP and the number of patents are...

Economists have long been studying the shares of labour and capital in income. Surprisingly, no such empirical studies exist for Australia. This paper looks at a number of variables that can affect labour’s share in income: unemployment, capacity utilisation, growth rate of GDP and changes in...

Just as friendly arguments based on an ignorance of facts eventually led to the creation of the definitive Guinness Book of World Records, any argument about university rankings has seemingly been a problem without a solution. To state the obvious, alternative rankings methodologies can and do...

This paper uses panel data from 88 countries to examine the relationship between per capita GDP and per capita energy consumption. The results show that per capita GDP and per capita energy consumption are cointegrated. Also, there is a two-way short-run, long-run and strong causality between...