In this work, we develop and apply a methodology to estimate technology-specific R&D investments at the firm level and then use these to test some arguments that have become central in the innovation literature. In particular, we first combine R&D investments with patent data of the world top...

In conflict-prone societies, the fear of expropriation that accompanies a regime change reduces capital investment. These reductions in investments, in turn, harm the economy, amplifying the likelihood of regime change. This paper studies the implications of these feedback channels on the...

The global nature of foreign direct investment (FDI) is changing in terms of both location and sectors of activity. This paper analyses recent flows of R&D FDI across the globe. It is found that North America has been the source of one-half of all R&D FDI between 2002 and 2005. Asia Pacific,...

Regional economic development has been long conceptualised as a non-linear, interactive and socially embedded process: these features were traditionally regarded as spatially mediated and highly localised. However, unprecedentedly fast technological change coupled with the intensification of...

Aspirant economies are upper middle-income countries seeking to become high-income economies, often through innovation by their internationalizing firms including multinational enterprises. This article reviews selected existing studies on innovation by internationalizing firms from aspirant...

Concerns about the duration of China's growth and hence the question of a permanent significant contribution of China to world economic growth relate, amongst other things, to the problem of reducing regional disparity in China. While China's high average growth is driven by a small number of...

There is a dearth of research on the impact of technological change over employment in least developed countries (LDCs) embarking on globalization and consequent international technological transfer. Using a panel of 1,940 Ethiopian firms over the period 1996-2004 and deploying GMMSYS estimates,...

We present a model in which investors observe the same macroeconomic data but have varying levels of information about the parameters that determine the distribution of the expected returns on investment. During a crisis that increases macroeconomic uncertainty and reduces asset prices, the...

We present a model in which investors observe the same macroeconomic data but have varying levels of information about the parameters that determine the distribution of the expected returns on investment. During a crisis that increases macroeconomic uncertainty and reduces asset prices, the...