This paper explores the “resource curse” problem as a counter-example of creative performance and innovation by examining reliance on capital and physical resources, showing the gap between expectations and ex-post actual performance became clearer under conditions of economic turmoil. The...

This paper explores the “resource curse” problem as a counter-example of creative performance and innovation by examining reliance on capital and physical resources, showing the gap between expectations and ex-post actual performance became clearer under conditions of economic turmoil. The...

In his recent paper in JET, Gonzalez (2007) issues a warning that gradual improvement in property rights enforcement may sometimes backfire and hurt social welfare through its unintended instigation of appropriative activities. By introducing a new property-rights parameter within the...

The present paper analyzes the impacts of total labor productivity and efficiency in Oman State. As a Gulf state it has depended on oil production for its economic life for the past decades. However, it was typically known for traditional industries and trade, helped by her long sea shores and...

This paper shows how the interaction between conflict and growth can give rise to a nonmonotone relationship between property rights and social welfare. This interaction is illustrated in a model of endogenous growth in which equilibrium diversion of resources is the cost of securing effective...

We build on the imperfection of intellectual property rights as the central motivation for the organization of firms. There are several characteristics specific to a theory of the firm grounded on the absence of intellectual property rights: monetary incentive schemes arise naturally as a...

Higher education is considered as an engine for development and growth in the knowledge society, because of its benefits to boost research, knowledge and technological innovation. This paper examines the relation between innovation, higher education and economic growth during the 1996-2014...

The European Union has implemented demand push and technology pull policies to foster innovation on the energy and resource efficiency of capital goods. The state of the art of general equilibrium modelling applied to environmental policy rarely treats product and process innovation separately...

We study the economic structure of the life of Harry Potter and his co-actors as an economic model that governs the social organization of their economic activities. Our goal is to study and understand the internal consistency of the Potterian economic model and explore the relationships between...

We construct a tractable general equilibrium model of cumulative innovation and growth, in which new ideas strictly improve upon frontier technologies, and productivity improvements are drawn in a stochastic manner. The presence of positive knowledge spillovers implies that the decentralized...