The purpose of this research is to investigate intellectual capital as a driver of technological innovation considering the industrial revolution in Russia's transportation sector. The study was driven by the recent technological advancements in Russia's transportation industry and the huge...

Despite indications that interpersonal interactions are important for understanding individual labor-market outcomes and have become more important over the last decades, there is little analysis by economists. This paper shows that interpersonal interactions are important determinants of...

We set up a theoretical framework to analyze the possible role of economic growth and technological progress in the erosion of social capital. Under certain parameters, the relationship between technological progress and social capital can take the shape of an inverted U curve. We show the...

When a new technology is introduced to farmers, not only do individual and household factors such as risk attitudes, wealth and resource endowments affect a farm household’s likelihood of technology adoption but probably more importantly, social capital structures also appear to matter. In...

Conventional R&D-based growth theory suggests that productivity growth is positively correlated with population size or population growth, an implication which is hard to see in the data. Here we integrate micro-founded fertility and schooling into an otherwise standard R&D-based growth model....