This study compares the effects of economic internationalisation on the functional distribution of labour income in the U.S.and Germany. The benchmark for assessing the empirical analyses theoretically is the general equilibrium framework ofinternational trade theory. Focusing on general...

Public policy has played a critical role in creating and shaping global renewable energymarkets. Yet 30 years since the passage of the first federal program in the U.S., under thePublic Utilities Regulatory Policies Act (PURPA), renewable power generation still constitutesless than three percent...

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.

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...

This paper challenges the idea that the US economy has corresponded to a laissez-faire model. Broadly speaking, this lack of fit between the model and empirical reality results from ideology and culture. Liberalism has been and is a cornerstone of American identity. But the discursive practice...