This paper investigates the effect of automation on the occupational demand for labor using modern econometric demand theory. We are able to estimate labor demand functions derived from a production process characterized by variable elasticities of substitution, nonhomothetic output expansion...

<title/> This paper, by a leading UK venture capitalist, provides a review of the state of the UK Venture Capital Industry at the end of the twentieth century. A key issue is how to increase the supply of capital at the smaller end of the market. A number of potential solutions are considered.

Canadian banks have invested millions in computer systems in the last two decades. Yet the banks and outside observers have been uncertain that these investments have had net benefits. In this paper, unique data collected directly from a bank is used to investigate the impact of these...