The purpose of this study is to identify key institutional determinants of firm emergence and growth. We do this using various types of data from Sweden. A characterization of a number of institutions and policy measures shows that they are likely to have contributed to an environment that...

Empirical evidence strongly suggests that R&D increases a firm's “absorptive capacity” (its ability to absorb spillovers from other firms) as well as contributing directly to profitability. We explore the theoretical implications of this. We specify a general model of the absorptive capacity...

In this paper we consider the case for subsidies towards firms which generate R&D spillovers in open economies. We show that in the presence of strategic behaviour by firms many expected results are overturned. Local R&D spillovers to other domestic firms may justify an R&D tax rather than a...

Traditional economic wisdom claims that - while global economic integration is beneficial for economic performance - a country's trade specialization pattern has no impact on its economic performance. In this paper, we seek to cast doubt on this aspect of mainstream economics using a very...

Full-text of this article is not available in this e-prints service. This article was originally published [following peer-review] in Journal of Asia Pacific Economy, published by and copyright Routledge.

It seems there is a pessimistic view about the need and effectiveness of industry policy in an era of unprecedented globalization. The discussion about industry policy has been mostly on the fiscal, credit, and tariff measures, which are generally designed to favor particular activities....

Ecological concerns have never been top of the list for Australian policy makers in recent years. Instead, they have struggled with issues of reliance on the export of primary commodities with declining terms of trade, dependence on the import of capital and shortages of managerial expertise....

Este trabajo introduce un modelo sectorial para la economía española que permite una mejor comprensión de la propagación de shocks sectoriales teniendo en cuenta diferentes interacciones de red. En particular, el modelo presenta interacciones sectoriales a lo largo de varias dimensiones en...

Rationale The Recovery, Transformation and Resilience Plan (RTRP), linked to Next Generation EU, details an investment programme that represents a unique opportunity to facilitate the structural transformation of the Spanish economy, on account of both the plan’s envelope (around €69.5...

The "changing architecture" of European big business is significant in that it challenges traditional forms of industrial collective action in Europe. The creation of European-level big business organisations has allowed large companies to bypass long-established European as well as national...