This paper discusses theoretically the different incentives of managers versus firm owners to invest in innovative activities. There are opposing effects concerning R&D intensity in the manager-controlled firm. Our study on the determinants of R&D intensity presents empirical results concerning...

This paper analyses the level of relative specialisation in terms of gross fixed capital formation in EU regions for the period between 1985 and 1994. Controlling for heteroscedasticity and potential endogeneity problems, we get consistent econometric results. Larger market and regional sizes...

Emerging global markets and trade and investment with the Middle East and the Arab world / Hossein Esmaeili and Vivienne Brand -- Arab-Australian trade and investment in an era of challenges to the liberal international order / Susan L. Karamanian -- Entrenching the Hull formula in Arab domestic...